Category Archives: Factoring

Cash is king and having a healthy cash flow is the lifeblood of a business. Instead of being strapped for cash for 60 to 90 days after delivering a major order, a business is able to immediately have access to the cash and then plough the money from sales back into the company, enabling it to quickly and efficiently fulfil other outstanding orders and grow. This makes Factoring a viable option to speed up short term cash flow and provide money for expansion.

A Factoring client can typically raise up to 90% (and even as high as 100%) of the value of its unpaid invoices with Factoring, usually within 48 hours. Some Factoring Companies now offer a same day service, Factoring generates immediate working capital. Factoring has the effect of turning a business, giving credit into a business that receives cash almost instantly and best of all it grows in line with sales and makes cash flow predictable. The Factoring balance is available, less a small administration charge, when the customer pays the Factoring Company.

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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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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Factoring Financial Package For Growing Businesses

Domestic Factoring This frees the funds locked up in sales invoices.  A client can typically raise up to 85% of the value of its unpaid invoices within 48 hours.  The balance is available, less a small administration charge, when the … Continue reading

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Types of Invoice Finance

The main services are described below using ‘traditional’ factoring industry terminology which the majority of factors still use, and in any event, will all recognise. It should be noted that services may differ slightly between factors  Services provided by factors … Continue reading

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