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Are you looking for factoring or business finance advice? Contact 0800 597 4757 for specialist factoring, invoice discounting & business cashflow advice explained in plain English.

Invoice Factoring Explained

A business using factoring simply gives its invoices to the factoring company who then pay up to 85% of the value of the invoices. The factoring company then collects the invoice from the customer. Once payment is collected the factoring company pays the balance of the invoiced amount less the agreed invoice factoring fees.

In the UK there are so many factoring organisations that finding a service to have financial factoring explained is not so easy because it’s difficult to get best advice. Call 0800 597 4757 to get invoice discounting, factoring and asset based lending explained.

What are the benefits of invoice factoring in the UK

  • Factoring is advantageous if a business needs cash for day-to-day running costs
  • Factoring is advantageous if a business needs cash for business growth
  • Factoring is a great tool for freeing up cashflow on the back of a large unpaid back book of invoices
  • Factoring can be set up by a broker or by direct by a business through its bank
  • Invoice funding can be carried out either by a factoring facility or by a confidential invoice discounting facility
  • Factoring has many other value added services attached to it such as book debt collection and reduction in staff costs
  • Invoice factoring is possible of many industries except the construction industry
  • Factoring reduces bad debts
  • There are many factoring companies in the UK so don’t worry if the some say your business is not suitable for them to factor.
  • Invoice factoring is very common in the recruitment sector.
  • The wholesale distribution sector also commonly utilise invoice discounting.

The UK Factoring Helpline are one of country’s leading factoring services specialising in factoring and invoice discounting. The service can help you choose the right factoring or invoice discounting provider for your business. Call 0800 597 4757 or apply online to be explained how factoring and invoice discounting services can help release the cash.