Debtor Finance case studies

Start-up temporary and permanent staff agency - £1,000,000 turnover undisclosed Debtor Finance facility
Experienced sector managers starting own agency initially wanted Debtor Finance facility. firstfactoruk.com recommended and sourced combined Debtor Finance and back-office facility. Facility simplified procedures and allowed for secure controlled growth. Agreed Debtor Finance facility with move to Invoice Discounting within 12 months. Costs slashed by 50%.

Well-established manpower agency operating in the IT sector - £7,000,000 turnover Debtor Finance undisclosed facility
Debtor Finance facility and banking with same banking institution. Bank owned Debtor Finance company imposed a financing limit on the major customer. Customer has blue chip status. Client starved of cash to such an extent cashflow became incredibly unpredictable. firstfactoruk.com sourced an undisclosed Debtor Finance facility backed with non-recourse protection with no funding restriction at a lower cost. Introduction came from the company’s bankers.

Industrial machinery spare parts - £350,000 turnover undisclosed Debtor Finance facility
This business was struggling to find a cost effective way to finance their growth without giving personal collateral to their bank. Introduced via their accountants this business produces a high number of invoices, selling to many small customers with low credit ratings so finding the right provider Debtor Finance or invoice financing facilities was critical. firstfactoruk.com introduced an independent factor & discounter that was able to offer a very competitive undisclosed Debtor Finance package tailored to the sector, allowing the business to grow.

Steel stockholder - £30,000,000 turnover undisclosed Debtor Finance facility
A large well established independent company was providing recourse Debtor Finance facility. The client had grown dramatically in recent years and so had the Invoice discounter’s fees. The Client was unhappy with the level of fees and subsequent communication and attitude of the factor, and was buying credit insurance separately. firstfactoruk.com sourced an alternative Debtor Finance company keen to do business - we arranged an undisclosed Debtor Finance including bad debt protection, which has simplified administration for the Client and reduced the overall cost.

Road hauler - £400,000 turnover Debtor Finance facility
Client has few debtors with fluctuating high concentration debtors from month to month. The existing Debtor Finance Company Debtor Finance facility was restrictive and unable to meet the company's short-term cash needs. The client’s cashflow had become very unpredictable. firstfactoruk.com sourced a Debtor Finance package within 3 days that meet the clients needs and in addition assisted to negotiate additional head room in transactional facilities at their bank.