Factoring facility case studies

Learn how firstfactoruk.com helped businesses realise their potential though Factoring!

Factoring case studies

Start-up temporary and permanent staff agency - £1,000,000 turnover undisclosed Factoring facility
Experienced sector managers starting own agency initially wanted Factoring facility. firstfactoruk.com recommended and sourced combined Factoring and back-office facility. Facility simplified procedures and allowed for secure controlled growth. Agreed Factoring 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 Factoring undisclosed facility
Factoring facility and banking with same banking institution. Bank owned Factoring 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 a undisclosed Factoring 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 Factoring 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 Factoring or invoice financing facilities was critical. firstfactoruk.com introduced an independent factor & discounter that was able to offer a very competitive undisclosed Factoring package tailored to the sector, allowing the business to grow.

Steel stockholder - £30,000,000 turnover undisclosed Factoring facility
A large well established independent company was providing recourse Factoring 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 Factoring company keen to do business - we arranged a undisclosed Factoring including bad debt protection, which has simplified administration for the Client and reduced the overall cost.

Road hauler - £400,000 turnover Factoring facility
Client has few debtors with fluctuating high concentration debtors from month to month. The existing Factoring Company Factoring 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 Factoring package within 3 days that meet the clients needs and in addition assisted to negotiate additional head room in transactional facilities at their bank.

 

 

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