Factoring

Factoring

Factoring involves selling your invoices to a third party. It is commonly used by businesses to improve cashflow and reduce administration costs.

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Invoice Discounting

Invoice Discounting

Invoice discounting is an alternative way of drawing money against credit invoices where a business retains control over the administration of its sales ledger.

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UK factoring and invoice discounting advice service

Wherever you are, if you are the owner or manager of an independent business, the a factoring adviser from The UK factoringhelpline.co.uk service will enable you to access a wide variety of factoring companies through by either applying online or calling 0800 597 4757.

In the UK a factoring adviser can come from a diverse network of financial intermediaries, such as finance brokers, Insolvency Practitioners and accountants to name a few, who each play a role in referring businesses with their invoice finance needs.

A factoring adviser can help with the following:

  • How much should factoring cost a business
  • Explain exactly how factoring works
  • Explain the full benefits of factoring and, of course, the disadvantages.
  • Explain which type of businesses should consider factoring
  • Actually setting up a factoring agreement.
  • A factoring adviser will locate the best factoring service to suit a businesses circumstances
  • What are the service levels of the factoring companies?
  • What are all the fees of the factoring companies?
  • What is the location of the factoring companies?
  • Factoring companies should be willing to let you talk to some of their customers. Please ask for references.
  • The general reputation of the factoring companies is very important.
  • Does the factoring companies you are considering have a good record in collecting debts quickly and efficiently?
  • How exactly does the list of the factoring companies you are considering operate?
  • What are the procedures in detail and do they suit you?
  • How does the factor handle disputes and queries?
  • As the factor will become an 'insider' and be in frequent contact with you and your staff, do you see eye to eye on issues that are key to your business?
  • Will you get on with the factoring company?
  • Does the factor have experience of your industry?
  • How is the factor likely to communicate with your customers?
  • You must make sure that the factoring company will not upset your customers and lose your business?
  • What will happen if a customer goes over the credit limit?
  • What happens if you want to end the factoring agreement?
  • What period of notice must you give the factoring company?

The factoring helpline factoring advice service has a wealth of experience in asset finance, factoring and invoice discounting sales. Businesses considering factoring can either apply online or call 0800 597 4757

Factoring Menu

Industry Specific Factoring Options

 

Who are we?

About Factoring OptionsThe UK Factoring & Invoice Discounting Helpline is a leading finance brokerage specialising in factoring and invoice discounting. We offer free, independent and impartial advice on business finance options. We have been helping businesses of all sizes and commercial sectors solve cashflow problems for more that 10 years. We have found factoring and invoice discounting facilities for many thousands of businesses and remain in contact with all our clients.

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Complete your details now and a member of the Factoring & Invoice Discounting Team will contact you as soon as possible.

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