Why choose us?

As the factoring and discounting market has evolved, so has the level of sophistication of product. With players from the bank owned to large independents, from small players focused on specific industries to the large asset-based lenders, each has its own individual type and variation of service to offer.

It is therefore important that you choose the right type of factor, discounter or asset-based lender that can best work with your business. We are an industry specialist broker, has an extensive working knowledge of the market, and can therefore help you select the best factoring or invoice discounting company suited to your business and industry

Can I still factor or discount even though I’ve already been turned down?

Absolutely. Some industrial sectors will not be as attractive to one factor or discounter as another. However, with our knowledge of the market and what each factor, discounter or asset-based lender is looking for, we can usually source a funding solution for most businesses.

How do I secure a factoring/invoice discounting/ABL facility?

All debtor financiers will want to meet you and visit your business. In some cases, they will be able to undertake their audit of your invoicing systems during the initial visit, in other cases they will need to arrange a second meeting. At this early stage they may be able to provide you with an in-principle offer.

Once the audit is complete, the lender will provide you with a formal offer of facilities. Once you have accepted the offer, the factor or discounter will draw up legal documentation for signature and seek a release of the book debts as security in their favour from your existing lender. Once this is complete, they will release funds against your sales ledger. The whole process can take only a few days, or for larger facilities no more than a few weeks. With asset-based lending facilities, valuations may be sought on your fixed assets to support any term loans made available to your business.

Can I terminate my facility?

Unlike bank funding, sales ledger finance is not repayable on demand. However, because the factor or discounter commits to fund your sales invoices for a pre-determined period of time, in most cases a minimum contract period will be entered in to. This will be clearly stated in the outline proposal and legal agreement.

Can I change from one factor or discounter to another?

As with banks, you can always change. However, you should be mindful of any termination notices or minimum contract periods that govern your existing facility.

My company has PAYE/VAT arrears, can you still help?

Not a problem, because factors/discounters make more finance available against debtors than banks, with the extra funding available, it may be possible to settle the arrears, or enter into an agreement with the relevant Government department.