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• 21 May

  

  

  Working Capital Partners Go Into Administration

  Working Capital Partners (WCP), the selective invoice finance and trade finance company, have gone into Administration. This appears to be as a result of a recent client fraud. Sad news about a long established firm, that first entered the market back in 2010.If you need alternative funding please contact Sean for help on: 03330 113622.Client fraud is one of the biggest challenges facing...

  By Glenn Blackman
• 19 Aug

  

  

  What's Happening At Optimum Finance? We Spoke To Richard Pepler, CEO.

  I recently had the opportunity to catch up with Richard Pepler, the CEO of Optimum Finance, to discuss developments within the invoice finance sector, and the record results that their business has achieved recently.CONTACT OPTIMUM FINANCEGlenn: What is the new technology that you have just launched at Optimum Finance? Richard: The biggest product innovation that we have recently developed is an...

  By Glenn Blackman
• 01 Feb

  

  

  January 2019 FundingVoice Magazine Is Online

  The January 2019 edition of FundingVoice magazine is now available online.READ THIS AND OTHER BACK ISSUESThe first edition of 2019 has several articles more than normal - we always have so many different stories its hard to select just a handful.This time its a mixture of rumours and news from some well known invoice finance companies and some specific help for manufacturers and construction...

  By Glenn Blackman
• 10 Jul

  

  

  30 Seconds On - Invoice Finance Explainer Videos

  Nobody has time to waste these days, we all know how it is to be busy. When you are looking for guidance online, YouTube is a good source of information about products and services but I find myself growing more frustrated with the length of guidance videos that I watch, often padded out with calls to "like", and "subscribe" to the subject YouTube channel. So I thought - make it shorter.Watch our...

  By Glenn Blackman
• 11 Feb

  

  

  Sancus Finance Supply Chain Finance To Shutdown

  Reports from StockMarketWire and Morningstar suggest that GLI Finance have taken the decision to shutdown their Supply Chain Finance division, Sancus Finance Ltd, as performance fell short of expectations, with a forecast operating loss of £1M.Performance was apparently impacted by a £1.1M exposure to a supply chain finance borrower, which recently went into Administration. The group prudently...

  By Glenn Blackman
• 05 Jun

  

  

  A Warning About Invoice Fraud.

  Avoiding invoice fraud is an important part of providing invoice finance and running any business. We were recently speaking to one of our funding partners who outlined a fraud methodology that is being currently being used. This method of boosting the credit worthiness of a company had been used in an attempted fraud against this particular funder.The fraudsters start by acquiring a company...

  By Glenn Blackman
• 04 Jun

  

  

  Berkeley Trade Finance Has Launched.

  Berkeley Trade Finance has launched, according to a report in Business Money 03/06/19. According to the article, they have already provided funding to "a number of clients".GET A BUSINESS FINANCE QUOTEBerkeley Trade Finance Limited (company registration number 11872190) was registered at Companies House on the 09/03/19 and apparently started trading in May 2019. Co-founders Steven Pleace and...

  By Glenn Blackman
• 21 Feb

  

  

  Scottish Pacific Business Finance Closes To New UK Clients

  Following hotly on the trail of Sancus Finance Ltd, who's owners recently announced their intention to shut down the supply chain finance division, Scottish Pacific Business Finance have just added an announcement to their website explaining that they will be withdrawing from the UK market by April 2019:The announcement goes on to explain that staff will be working with clients, prospects and...

  By Glenn Blackman
• 15 Mar

  

  

  The Benefits Of Blockchain And Their Application To Invoice Finance

  Answering my previous question about the benefits of applying blockchain technology to invoice finance, I received this interesting summary from Jack Mitchell, a Regional Sales Executive at Close Brothers Invoice Finance. The views expressed below are his own and so they do not necessarily reflect the views of Close Brothers Group.As promised I've listed below some of the use cases of Blockchain...

  By Glenn Blackman
• 13 Feb

  

  

  Ultimate Finance Appoints New CEO

  Josh Levy has been appointed as CEO at Ultimate Finance Group (UFG), replacing Ron Robson, who has been CEO since 2015. The Ultimate Finance blog announced the appointment in a post dated 11/02/19 which confirms that Josh has, for the last year, worked alongside Ron Robson on the strategy for growing the business.A quick look at Josh's LinkedIn profile shows that he holds an MSc in Corporate...

  By Glenn Blackman
• 25 Feb

  

  

  The Price Of Single Invoice Finance

  Comparing prices for single invoice finance is not quite as straightforward as you might expect. I have just been looking at an example of some costings sourced for a prospective customer and there are numerous different pricing systems being used by the different invoice finance companies that we have spoken to.It is always worth comparing selective quotes against other forms of invoice...

  By Glenn Blackman
• 06 Mar

  

  

  Review Ratings For Invoice Finance Companies

  Looking for invoice finance company reviews online? This might be helpful as I have pulled together all the online customer review ratings that I could find, the details are below.COMPARE INVOICE FINANCE QUOTESOn 5th March 2019 I searched for online reviews for each of the invoice finance companies on our list. I searched using Google and in some cases there were:I also looked at the home page of...

  By Glenn Blackman
• 06 Feb

  

  

  Who Is The Best Invoice Finance Company?

  Thinking about using invoice finance or factoring? An obvious place to start would be a google search, perhaps something like "best invoice finance company". Simple and likely to generate a simple answer? You may think so but the result is likely to be more misleading than helpful.Our latest count revealed that there are 100 separate organisations providing invoice finance in the UK. The honest...

  By Glenn Blackman
• 08 Apr

  

  

  Business Moneyfacts 2019 Awards For Best Invoice Finance Company And Best Service

  The ceremony for the Business Moneyfacts Awards 2019 was held a few days ago. FundInvoice were delighted to be confirmed as "Finalists" in the category of "Invoice Finance Broker of the Year". To be one of just ten brokerage companies across the UK, to make the finals for a national award is a big achievement for a small business like ours.The other categories that always interest us are the...

  By Glenn Blackman
• 30 Sep

  

  

  Which Is The Best Factoring Company?

  Which is the best factoring company?We get asked that question a lot - surely it's a simple answer?It sounds like a really simple question, but the answer is a lot more complicated than just stating a single factoring company name, that stands out as being a "head and shoulders" above all the others - and there are currently over a hundred different UK based providers to choose from.This short...

  By Glenn Blackman
• 20 Feb

  

  

  Invoice Finance For Security Companies

  Security companies that are providing manned guarding services often have significant payroll obligations to meet in order to pay their staff, in many cases before being paid for the jobs that their staff are undertaking. In some cases staff have to paid weekly, whilst customers expect to enjoy credit terms of 30 days or even more.The gap between having to pay staff and getting paid by customers...

  By Glenn Blackman
• 11 Apr

  

  

  Reverse Factoring

  Reverse factoring (sometimes called Supply Chain Finance) is a financial facility that a large company can arrange with a financier, providing a factoring service to some or all of their suppliers. It turns the whole factoring model upside down. Instead of individual suppliers having their own facilities, the substantial debtor puts in place an umbrella arrangement that benefits all (or some) of...

  By Glenn Blackman
• 25 Sep

  

  

  Online Invoice Factoring

  Online invoice factoring can have a number of different meanings, each of which I have addressed below. In general terms, factoring normally refers to a facility that provides prepayments against outstanding sales invoices, together with a credit control service to collect those payments in.The modus operandi of factoring facilities will be very different depending upon the provider (called a...

  By Glenn Blackman
• 05 Apr

  

  

  Construction Invoice Finance

  Customer payment delays can be an issue to any business, but those in the construction sector often have to offer customers credit terms and can additionally experience extended periods of delay before getting paid. Research suggests that the average time subcontractors have to wait for payment has risen to 44 days.You can use Construction Invoice Finance to bridge that cash flow gap.GET A...

  By Glenn Blackman
• 14 Jun

  

  

  Why Use An Invoice Finance Broker?

  Invoice finance brokers normally work with a range of invoice finance companies, in order to understand what they offer and to be able to introduce prospective customers to the right provider. We are based in St. Leonards-on-Sea, near Hastings in East Sussex from where we handle the whole of the UK. We can introduce you to funders that have offices local to you if required.You may be asking...

  By Glenn Blackman