Factoring enables a Business to turn invoices into immediate cash. Usually the Factor will pay up to 85% of the value of the invoice immediately and the remainder (less expenses) when the invoice has been settled.

Nowadays forward looking Factoring Companies will design a solution which is appropriate to the needs of the business, and this is an important part of the advice our clients receive.

We work with our clients to find a competitive solution. Often we are approached by clients who have encountered difficulties in arranging a factoring facility. Our independence enables us to research the entire marketplace to find a solution.

The most frequently asked question is, of course, how much will it cost me? Factors charges are split in to two parts. Factors make an administration charge which is in the range from 0.5% to 3%. In addition a margin is charged on monies outstanding which is in the range from 2 to 3.5% above the base rate.

Will my customers know I am factoring? In a conventional Factoring situation the Factor will collect the debt direct from your customer. However in some circumstances Confidential Invoice Discounting can be used and your customers will be unaware that you are Factoring.

My Factor Doesn’t Chase My Debts. Possibly the most frequent cause of businesses changing Factors is that the levels of service are unacceptable. Engaging with a Factor is an important relationship for your business and the overall efficiency and enthusiasm of the Factor is Paramount.

Contact us to find a Competitive Factoring Solution.