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If you’re looking for a flexible and cost effective solution to your cash flow need needs then please take a look at what a factoring company can offer your business. Are you looking for a Factoring Company UK – find the best deal by calling 0800 597 4757.

  • When looking for a factoring company make sure they understand your business sector. Over the years we have seen lots of factoring companies that are not specialists in the field of the business looking for the service. That’s where factoringhelpline.co.uk can help.
  • Before you start using a factoring company they won’t need to check the credit of your business, instead the factoring company will want take a look at the creditworthiness of your clients. This process is known as factoring research, which can last for a day or two. Rather than looking at on your credit or your credit worthiness, the factoring company will rather take a look at the credit worthiness of your customers.
  • Please note that there are some factoring company’s that deal solely with company start-ups. New business lack working capital which can business growth. New businesses do not have a healthy looking set of ledgers, but this doesn’t matter because as long as you are submitting regular invoices that’s all that matters.
  • When looking for an invoice finance or factoring facility it is important to remember that in some cases the most expensive provider can be 3 times more expensive than the cheapest provider. For this reason factoringhelpline.co.uk can help find the best deal. It is also important to remember that good deals become available from lenders from time to time and as such the cheapest lender will depend on when you are looking

What factors does a factoring company look to see whether a business is suitable for factoring?

The average factoring company is keen to win new business to the same extent that a new business is keen on getting a factoring deal. For this reason even a company making a trading loss can be considered for factoring as long as it submits regular invoices to creditworthy customers.

  • A factoring company is looking for a business with an annual turnover of at least £50,000, although some factors will consider start-ups and smaller businesses
  • A factoring company is looking for a business with more than just a few customers

The below is a list of the types of businesses we have helped that were looking into using a factoring company to free-up cash flow:-

  • Advertising company
  • Agricultural supplies company
  • Building company
  • Business services company
  • Manufacturing company
  • Chemical company
  • I.T company
  • Confectionery company
  • Distribution company
  • Engineering company
  • Pharmaceuticals company
  • Recruitment company
  • Wholesaling company

Whether you’re looking for accounts receivable factoring, invoice factoring or other funding or factoring services please call 0800 597 4757. Please note we do not charge the client a fee for our service as we receive a commission we receive from the factoring company.