Contact Details

Address: 3rd Floor, Berkeley House, 26 Gildredge Road, Eastbourne, East Sussex, BN21 4SA

• Telephone: 01323 411770
• Fax: 01323 430014
• Email: Send Email
• URL: www.cashflowuk.com

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Factoring UK - Specialist factoring and invoice discounting brokers.

Factoring UK is the country's leading brokerage specialising in factoring and invoice discounting (known collectively as debtor finance). We began trading in 1993 and have since built a team with over 60 years combined experience in the market. We are represented on the Factoring and Trade Finance Committee of the National Association of Commercial Finance Brokers (NACFB) and abide by its code of conduct. Factoring UK provides free independent advice on factoring and invoice discounting and helps hundreds of clients each year find the right facilities for their business. Our specialist team talk through your requirements in detail, without obligation. Using our experience, we immediately identify the key issues that influence the type of facility you can expect, provide an explanation of the way the facility works, and give you a realistic indication of likely funding levels, terms and costs.

We know what the factors and discounters are looking for, what they consider to be problems, and who to approach to overcome them. Often we use the strength of our relationship with the decision makers to influence the quality of the offer made. We have been trading for over a decade, maintaining close working relationships to director level with over 50 factoring and invoice discounting companies. No other brokerage provides a more comprehensive, impartial service. And there's no charge for our service as we receive an introductory commission from the successful factor or discounter.

Factoring is a flexible way of improving cash flow, for all business types with gross sales of at least £50k pa. No other financial criteria apply. The factor's involvement is disclosed to your customers and the factor undertakes credit management on your behalf. Advances can be as high as 100% of outstanding invoices less than 90-120 days old. The facility cost is normally up to 3% over base rate for the money borrowed, together with a service charge linked to gross turnover of at least 0.5%, depending upon your business profile. Some factors offer bad debt protection as part of the package (known as "non recourse factoring") so if a credit approved customer fails to pay an undisputed debt, the factor will credit you with the amount of the debt up to the agreed credit limit. This service normally increases the service charge by around 0.5%. Factoring provides your business with cash, by allowing you to raise finance from the unpaid invoices owed to you. For many businesses, outstanding sales invoices are their largest asset with up to one quarter of a business's overall yearly turnover remaining unpaid at any one time. This "locked up" cash can greatly impact the growth potential of a business and may sometimes force a business into insolvency. In addition, most smaller businesses do not have the resources and information systems to efficiently collect their outstanding invoices. Factoring can be a smart way to outsource debt collection and ledger management. For further information, please visit our website, or call on 0800 132 156.

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