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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
• 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
• 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
• 12 Dec

  

  

  FundInvoice Are Business Moneyfacts Awards Finalists 2019

  We are delighted to announce that FundInvoice LLP have been confirmed as "Finalists" for "Best Invoice Finance Broker" in the 2019 Business Moneyfacts awards! This is the 5th year running that we have been confirmed as finalists for an award.We really need a testimonial from you so that we can win this award - if you are a customer, a prospect, a funder that we work with, or a reader of our blog...

  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
• 16 Jan

  

  

  How Does Invoice Finance For Car Crash Repairs Work?

  Increasingly we have seen car repair body shops turning to invoice finance to fund their crash repair invoices. We have literally just been contacted by another small garage turning over £100K per annum, trading with a small number of insurance company debtors with a handful of invoices they want to be funded against. This is type of funding is very straightforward to arrange, such that it can...

  By Glenn Blackman
• 17 Dec

  

  

  World Of Open Account (WOA)

  I have just registered with the World of Open Account (WOA), which is a new inclusive global Community of professionals and companies, engaged in open account receivables finance, that was launched on the 10th December 2018.WOA ’s website states it's mission as "to be a networking, competence and innovation centre for its members".The global receivables community was launched by Erik...

  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
• 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
• 18 Dec

  

  

  Contact Details For UK Finance

  UK Finance are the banking and finance trade association, formed on the 1st of July 2017, that took over the operations of the Asset Based Finance Association (ABFA), who were the trade body for the invoice finance sector.Their contact details are shown below, and there is also a link to our own invoice finance complaints guidance.Below are the contact details for UK Finance:Address: UK Finance,...

  By Glenn Blackman
• 20 Dec

  

  

  Spot Invoice Finance

  I had a conversation the other day, with a colleague who follows my blog posts on LinkedIn, and he said "you must get loads of business from LinkedIn?", not a lot I replied - in fact I can't remember the last time someone contacted me directly via LinkedIn. Then, coincidentally, a couple of days later, I receive a request for spot invoice finance via LinkedIn!The term "spot" is more commonly...

  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
• 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
• 08 Jan

  

  

  App Based Invoice Finance - Investec Intelligent Cashflow

  If you are looking for App based invoice finance, Investec Intelligent Cashflow could be the answer that you are seeking.CONTACT FORM FOR INVESTECInvestec Intelligent Cashflow, is provided by Investec Capital Solutions It is a high tech platform, and dedicated account management service, that allows users to access funding through invoice finance 24/7.This secure service is simple to set up,...

  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
• 24 Dec

  

  

  Merry Christmas 2018 From The Team At FundInvoice

  The team of business finance and invoice finance brokers at FundInvoice would like to wish you a very Merry Christmas 2018!We hope you enjoy the festivities over the next few days, our phones are always on, so we are always on call, even over the holiday period. When it's your own business, you never want to miss out on helping a customer so no need to worry about calling us.Merry Christmas...

  By Glenn Blackman