What is Factoring UK?

Cash flow is the lifeblood of any business – be it a small independent concern or a global enterprise. In order to grow and develop, every company needs access to ready capital. However, even the healthiest business can find itself restricted at times by late customer payments or the natural ebb and flow of income. Factoring allows you to gain immediate access to your working capital, streamlining your processes and giving you the ability to respond quickly to capitalise on investment opportunities without slipping into the red.

Factoring works by allowing you to use your accounts receivable as collateral in order to secure ready cash as and when you need it. When you send your invoices to us, we’ll give you up to 85% of the value straight away, with the remaining balance being made available to you – minus a small service charge – once we’ve collected the value from your customers.

Unlike short-term solutions such as a bank loan, factoring offers you the opportunity to make positive long term improvements to the way you run your company. By outsourcing your credit control processes to the factoring company, you can free up valuable time and resources that can be devoted to the frontline running of your business.

What happens next?

When you get in touch with us at Factoring UK, we’ll talk you through our services and discuss how it could be applied to your business model. If you decide to work with us, we’ll assign you a single point of contact to take care of your account, to ensure that you can build a strong relationship with us and receive top quality customer service at all times. We offer a six-month no-obligation trial period, and if you’re switching to us from another provider we’ll take care of the crossover process, including helping you with any exit charges you might face.