What is invoice discounting?

Invoice discounting is another form of factoring that allows you to receive advances of funds against outstanding sales invoices. As a specialist UK invoice discounting broker, we can arrange deals to suit you including paying up to 90% of the value of your invoices within 24 hours of raising them.

Funds advanced under invoice discounting can be increased when a selection of assets is taken into consideration. We can also offer an Asset Based Lending service which provides funds against invoices, stock, plant and machinery, land and buildings. The exact mix of assets utilised will depend on your needs and the strength of security in the assets themselves. We can provide you an invoice discounting quote.

How does Invoice discounting work?

• You send your customers invoices for completed work
• You send a sales day book listing to the Discounter
• The Discounter pays up to 90% of the invoice values to the you
• You run the sales ledger – telephone/statements
• You collect payment from the customers, bank the payments into a trust bank account and notify the Discounter.
• The Discounter collects the funds from the trust bank account and releases the balance of 15%, less charges, to you.