Call us: 03330 113622

Blog home
Categories
Popular Posts
Recent Posts
Archive

• 30 Oct

  

  

  Crowdfunding Makes The Apprentice On BBC1

  The latest bunch of hapless Lord Sugar wannabes kicked off this season off the BBC's #TheApprentice a couple of weeks back. In the second week they demonstrated even less than the normal amount of business accumen, when both teams failed the advertising task. This week saw them taking over part of Liberty of London and, as usual, ignoring the advice of experts sent to help them e.g. having a live...

  By Glenn Blackman
• 14 Oct

  

  

  Contact Details For Invoice Finance Companies

  I have been working on adding a number of direct response forms to our list of invoice finance companies in the UK. These give you the ability to either request that they call you back, or in some cases to provide the details required in order to get a quote (depending upon how the factors modus operandi fits with our standard forms). There are a few more to add but I am working my way through...

  By Glenn Blackman
• 03 Oct

  

  

  New Home For Glenn Blackman's Invoice Finance Blog

  This is now the new home for Glenn Blackman's Invoice Finance blog! Previously my blog was running on its own domain, glennblackman.co.uk but we thought it would be neater to move everything to the main FundInvoice site (it also cuts down the amount of maintenance needed!). We have also updated all the social media sharing buttons so it should be easier to share posts. You can find the new home...

  By Glenn Blackman
• 13 Nov

  

  Increased Funding Against De Poel For A Recruitment Company

  We have helped numerous recruitment companies that have experienced funding restrictions against RPO debtors. This particular recruiter was turning over £600K pa and was using an invoice finance arrangement with a well known high street bank. They did business with De Poel (a well known RPO) and the bank had imposed a tight, 10% maximum prime debtor restriction on this customer. We were able...

  By Glenn Blackman
• 01 Nov

  

  

  Construction Finance For A New Startup Company

  Recently FundInvoice has added a lot of help and information for construction sector businesses that are looking to raise finance. We have just been able to help a new startup company, which is projecting turnover of £500,000 over the next year, within the construction sector.The company operates as a sub-contractor, providing electrical and mechanical engineering services to the main contractor...

  By Glenn Blackman
• 21 Nov

  

  

  6 Ways To Solve Seasonal Cash Flow Problems

  As we head toward the Christmas period many companies will be begining to experience seasonal cash flow problems.Thefore, below I have set out 6 ways to solve seasonal cash flow problems.At the bottom of this post you will see that there are some further resources, such as case studies and articles, that you may also find helpful.Before setting out the solutions to the problem, the causes need...

  By Glenn Blackman
• 09 Nov

  

  

  Trump Wins US Presidential Election - Trade Prospects With UK?

  Donald J. Trump has made history by becoming the first US presidential election winner not to have served in public office, or the military. #Trump, from a business background, has been chosen by the American people, over a career politician (Secretary of State - Hilary Clinton), as the 45th President of the United States of America. There seems to be somehthing of a parallel with the Brexit...

  By Glenn Blackman
• 19 Jan

  

  

  How Important It Is To Compare Factoring Prices

  We have updated our mystery shopper research, in order to compare factoring prices between different providers.You can check your pricing against our panel of providers.Interesting results, there is a huge pricing differential between the top and bottom of the table.We found that the range of costs quoted (estimated service charge and discount charge combined, based on a small...

  By Glenn Blackman
• 29 Nov

  

  400,000 Companies Unaware Of Invoice Finance

  I have tried to estimate the potential size of the UK invoice finance market, and my numbers suggest that some 400,000 eligible companies are unaware of invoice finance.There are apparently c. 5.4 million businesses in the UK, according to Government figures.I took a database of UK businesses and selected those that fell within generally acceptable trade sectors for invoice finance. I also...

  By Glenn Blackman
• 05 Dec

  

  

  How To Keep Motivated

  Following my presentation to the Pestalozzi International students, about Entrepreneurs, I received a follow up question from one of the students.I thought it was a great question that was worth publishing, especially as others may be asking the same thing - about how to keep motivated.This was the actual exchange between the student and I, regarding this question:Hi Glenn,It's the kid who asked...

  By Glenn Blackman
• 16 Feb

  

  

  Invoice Finance In East Sussex

  If you search for "invoice finance East Sussex" very little local support will be offered by the Internet search engines. FundInvoice are based in St. Leonards-on-Sea, East Sussex (near Hastings), we handle clients in the local area and we also deal with clients from all over the United Kingdom.These days there are very few invoice finance companies actually based in East Sussex. If fact, I could...

  By Glenn Blackman
• 19 Oct

  

  

  Problems With Your Invoice Finance Company

  If you need help because you are having problems with your invoice finance company, first check if they are member of the ABFA (Asset Based Finance Association). Whilst the ABFA is not a regulatory body, the invoice finance companies, that are members, are bound by a code of conduct that is backed up by an independent Ombudsman complaints process.You can read a copy of both the code of conduct,...

  By Glenn Blackman
• 12 Sep

  

  Bibby Q2 SME Confidence Tracker Shows Minor Drop In Confidence

  Bibby Financial Services' Q2 2016 SME Confidence Tracker survey shows a 3% drop (from Q1) in SME confidence that sales will grow in the next three months, down to 45%. Considering that Q1 2016 showed an increase in confidence, compared with Q4 2015, it is probably quite a positive result in light of the run up to the Brexit vote that took place at the end of Q2. Perhaps there will be light at the...

  By Glenn Blackman
• 08 Oct

  

  

  Funding A Seasonal Toy Manufacturer

  We were recently able to help find funding for a toy manufacturer with a seasonal trading pattern (there is a good definition of a seasonal trading pattern here).  The manufacturers were a newly formed business but growing so fast that they needed more working capital in order to fund their growth. They needed cash in order to be able to pay their large suppliers to terms.Factoring can work...

  By Glenn Blackman
• 28 Nov

  

  

  Support Growing For The #IFaware Campaign

  Support is already growing for our #IFaware invoice finance awareness campaign. This is our newly launched initiative to make some small effort to tackle the issue of only 2 out of 3 companies knowing what invoice finance is. However, there is a huge way still to go so we need more people to share this message if we are going to raise awareness levels amongst the 32% that have never heard of...

  By Glenn Blackman
• 09 Dec

  

  

  Why Companies Don't Know About Invoice Finance

  I have had an interesting point raised, about the #IFaware campaign, and the research that led to it's inception.Alex Fenton, the Founder of GapCap commented on my LinkedIn article, about #IFaware, asking why I thought awareness levels of invoice finance were so low in the UK.My opinion about the reasons for the low awareness levels included a couple of aspects. Firstly, our previous research...

  By Glenn Blackman
• 23 Oct

  

  

  UK Imports Growing

  HMRC Overseas Trade statistics show imports to the UK growing again in August 2016, continuing to show growth since 2015 levels. Exports however have continued to show a decline over recent months.During August 2016 the value of exports (EU and Non-EU) decreased to £23.3 billion, and imports (EU and Non-EU) increased to £41.4 billion, compared with July 2016. Therefore, the UK is a net...

  By Glenn Blackman
• 21 Oct

  

  

  Woodsford Tradebridge Launch Event

  I was very pleased to be invited to the launch party for Woodsford Tradebridge which was held last night, on the iconic London Eye. A superb venue for such an event. The event took place during 2 rotations of the eye and guest took in some amazing views across the city of London whilst champagne and canapes were serves during the "flight".Woodsford Tradebridge is a new trade finance and invoice...

  By Glenn Blackman
• 28 Oct

  

  Finance Against JCT Contracts

  At a meeting with one of our construction finance partners recently, they spoke of their ability to provide finance against JCT contracts (the Joint Contracts Tribunal produce standard forms of contract for the construction industry, that can be modified in some cases). It struck me how far the industry has come since I started in factoring back in 1988.Anything contractual was a "no no" back...

  By Glenn Blackman
• 14 Nov

  

  

  Pestalozzi Entrepreneurs Talk

  Back in the summer we met with Sue Walton, the CEO of the Pestalozzi children's charity, in Sedlescombe. They do some fantastic work, funding the eduction of exceptional students from all over the world. In fact, they fund not just education but everything for these children. The children often arrive from war torn countries, without even the basics, such as shoes.Pestalozzi also struggle to...

  By Glenn Blackman