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Considering moving the current factoring facility.
Quality Control: Currently factoring through Positive Cashflow Finance. Good relationship. Recently renewed - 6mnth notice period. Only 75% funds paid and fees not "the most competitive". New owners took over the business recently - share transfer. No stage payments. Steel fabricator - invoice once steel dispatched. Have had discussions with Bibby (did make offer at renewal time) and Skipton (didn't make the meeting). Turnover £800k.
DN**
Yorkshire and Humberside
invoice factoring
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invoice finance
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Factoring
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| 1. How long has your business been trading?
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| 2. What type of business do you operate?
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| 3. What is your projected turnover in the next 12 months?
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| 4. What percentage of your turnover is generated with businesses?
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| 5. What percentage of your turnover is generated with consumers?
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| 6. How quickly do you wish to complete this transaction ?
| | | Describe your request
(Provide additional info to the suppliers)
| Considering moving the current factoring facility.
Quality Control: Currently factoring through Positive Cashflow Finance. Good relationship. Recently renewed - 6mnth notice period. Only 75% funds paid and fees not "the most competitive". New owners took over the business recently - share transfer. No stage payments. Steel fabricator - invoice once steel dispatched. Have had discussions with Bibby (did make offer at renewal time) and Skipton (didn't make the meeting). Turnover £800k.
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Examples of suppliers for factoring
Get Quotes from Positive Cashflow
Positive Cashflow Finance Limited has a unique approach to the funding requirements of small
and medium sized businesses. Run by one of the most experienced teams in the industry, Positive
Cashflow Finance recognises that each and every business has different financial needs. Rather
than telling you what you need, we work with you to find the solution that best matches your
requirements.
Managed by a team with a wealth of industry experience, Positive Cashflow Finance approach each
proposal with a positive "can do" attitude, so whether you are looking to fund a new enterprise,
acquire an established business or simply looking to expand your existing business our experienced
team could have the financial solution for you.
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Get quotes from Skipton Business Finance
Skipton Business Finance Limited provides an array of financial products ranging from factoring to
confidential invoice discounting, including the Government-backed Enterprise Finance Guarantee
Scheme, and asset-based finance to SMEs from start-up to businesses turning over £30m.
Skipton Business Finance is all about providing quick access to flexible finance; employing specialist
staff and having localised functions under one roof, which enables even closer relationships with
our clients and business partners. A wholly owned subsidiary of Skipton Building Society, a mutual
financial institution established in 1853.
Independent of the main banks, Skipton Business Finance provide a strong and recognisable brand
whilst allowing a diversity of invoice finance and business funding that gives greater stability to our
clients businesses.
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Get quotes from Cashflow UK
Cashflow UK is a leading independent finance broker specialising in factoring and invoice
discounting. Working in partnership with businesses of all shapes and sizes to improve their cash
flow situation and support them to realise their full business potential.
Cashflow UK will help unlock the cash tied up in invoices, giving your business an immediate cash
injection and making late payments a thing of the past. With a specialist team working to save you
time and money by offering free, impartial advice on the best financial solution for your business.
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Similar requests
Invoice Factoring - Recruitment Finance
Competitive Invoice Finance Quotes. Verification Notes: Invoice Finance - Factoring quotes required for a specialist IT/HR recruitment company with a turnover of £6m currently projected at £7.5-8m within next twelve months. The business revenues are 50% from HR recruitment with large companies and 50% IT which has some large and SME companies - payment terms 28days. The business currently has an invoice finance agreement using RBS Fac Flow with an 85% advance. They are unhappy with the exisiting account amanagement on the account and are actively seeking alternative factoring solutions. They have spoken to Lloyds, Aldermore, Clydesdale, and Close Financial and have quotes from two invoice companies to date. One from those listed and another from an Iranian bank. They have a finance line of 750k but use only 50% of this at present. They are looking for 95% draw down in future to cover peak times - bonus payments, VAT and corporation tax fall at same time. Additionally they have been offered by factoring companies:- 12mth agreement, 3months notice; Concentration 30% (currently they're at 25%); service fee 0.18 and 2% above bank rate. They would like additional factoring quotes to make a decision. |
Invoice Factoring Essex
Improve cashflow through factoring invoices
Verification notes: Web design business in Essex looking to improve cash flow by utilising invoice finance. Turnover c£90,000 with 90% business customers. Payment terms on invoice are 7 days but some customers take much longer. Customers are SME businesses. |
Recruitment Finance - Cheshire
Invoice Finance For Recruitment Company.
Verification Notes: Contact is acting as a consultant acting on behalf of CMJ and is the person to speak to initially. The contact is a Director at Staveley Communications Ltd and it is their telephone number on the enquiry.
The trading address of CMJ is provided and the co-reg no. is (withheld). The business in question was registered Aug. 11. It has people working within it but has yet to generate revenue or invoices.
Projected turnover is c£200,000 but contact is being prudent. They have not discussed Invoice Finance with other companies to date. Looking to set up IF facility asap. |
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