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Factoring, in one form or another, has been around for thousands of years. Factoring releases the funds locked up in outstanding sales invoices, is a sure-fire way to turn your outstanding debtors into cash. Factoring is frequently used by businesses to improve cash flow. It can also be used to decrease administration expenses.

Tony Platts, Director & Owner – First Factor Finance Ltd

Tony Platts is the Co-Owner of three websites that specialise in invoice, asset, trade and stock finance. Tony’s work involves helping start-ups through to large SMEs to find the appropriate solutions through a national network of finance partners. His current … Continue reading

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Home is where the heart is for factoring finance expert’s new firm

Finance expert Tony Platts returned to Hull after nearly 30 years to offer his invoice finance expertise to the region’s businesses. Mr Platts runs First Factor UK, which acts as an online brokerage for factoring, invoice discounting and trade and … Continue reading

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Tandem Invoice Finance

Tandem Invoice Finance are a Chichester based business that specialises in selective invoice discounting, allowing SMEs to release funds from single invoices without having to commit to ongoing or long-term contracts. Tandem UK’s clients can raise capital from invoices on … Continue reading

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Tandem Invoice Finance Ltd join the NACFB

The NACFB are delighted to announce that Tandem Invoice Finance Ltd have joined the association as patrons. The NACFB look forward to working closely withTandem in the future. Tandem Invoice Finance Limited Tandem Invoice Finance is a NACFB Patron whose specialised invoice financeservices give SMEs the power of financial flexibility. Who are Tandem Invoice Finance? Tandem Invoice Finance was established … Continue reading

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Principles of factoring and invoice discounting

Factoring is the purchase by the factor and the sale by a company (the “customer”) of book debts on a continuing basis, usually for immediate cash. The sales accounting functions are then provided by the factor who manages the customer’s … Continue reading

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Glossary Of Principal Factoring Terms

Customer: the customer of the factor or invoice discounter which enters into an arrangement to factor or discount debts.  Debtor: a trade debtor of the customer. Debts: the debts due by a debtor to the customer Factor: a provider of factoring and invoice … Continue reading

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Cashflow and debt management are key elements to the success of any business in a growth phase.

Cashflow and debt management are key elements to the success of any business in a growth phase. Turnover growth can place a severe strain on Cashflow. Orders come in, the goods are manufactured and dispatched, and then, the long wait … Continue reading

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The fact is that conventional forms of finance are often insufficient

With the changing economic climate your business could be in danger of suffering from its success.  How?  Surprisingly, through its funding.  The fact is that conventional forms of finance are often insufficient, restrictive or simply out of date – how … Continue reading

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With Factoring, you will receive up to 80% of the value of all outstanding invoices

How much of your company’s money is tied up in unpaid invoices? How much money that should be in your company’s business account is still in someone else’s? Money that’s been earned. Money that could be used for investment or … Continue reading

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Could you benefit from immediate payment of your sales ledger?

Working capital tied up in trade debtors? Suffering from waiting 90 days for payment of invoices? Could you benefit from immediate payment of your sales ledger? If the answer is ‘Yes’ to one or all three of these questions, then … Continue reading

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