Business Factoring
75% of small and medium-sized businesses and a vast number of large organisations struggle to control their cash flow. More often than not, this is due to outstanding invoices and bad debts.
As you will know if you are struggling with outstanding invoices, they can have a massive impact on your business. Primarily, it jeopardises your cash flow. But chasing the debt takes up your valuable time and prevents you from growing your business.
Factoring is an increasingly popular mechanism for avoiding the problems associated with bad debts. It is also something our consultants are experts in organising.
What is factoring?
Each time you raise an invoice, a proportion of its value is released to you – immediately. Once the invoice is paid by your customer, you receive the outstanding amount, less a small administration fee.
Factoring removes the cash flow problems of bad debt by releasing funds immediately. It also frees you to concentrate on growing your business because preparing statements, chasing payments and all the other administration associated with outstanding invoices are handled by someone else.
We are backed by experienced and well-established factoring companies. Like us, they are committed to working with you to make your business a success.
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