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• 27 Nov

  

  

  Clients Returning So We Must Be Doing Something Right

  We hope that our clients will stay with us indefinitely, however occasionally a client will choose to leave the invoice finance company that we introduce them to, in favour of an alternative. However, that is not always the end of the story. Like boomerangs, sometimes they come back!GET A FREE INVOICE FINANCE QUOTEI was pleased to see a recent example of a client recontacting FundInvoice, after...

  By Glenn Blackman
• 21 Jul

  

  

  Urica Supply Chain Finance Liquidation

  Urica, the new Global Supply Chain Finance company has announced on its website the appointment of liquidators as at The 20th of July 2018. The liquidation is apparently as a result of a large fraud in France.If you are an existing client of Urica, looking for an alternative source of finance please contact Sean on 03330 113622 and he will help you find what you need.A quick look at Companies...

  By Glenn Blackman
• 01 Jun

  

  

  Populous Completes The Worlds First Blockchain Based Invoice Finance Transaction

  Populous have apparently completed the world’s first blockchain based invoice finance transaction, with the debtor having paid their invoice, completing the payment cycle.You may be aware that I have written previously about this, and discussed the security benefits of using blockchain to reduce invoice finance fraud.It would seem to me that the key to how useful this type of technology could...

  By Glenn Blackman
• 13 Jun

  

  

  Nucleus And Skipton Product Information Added

  We constantly update information about the various invoice finance companies on this site, and are we have just added two new product services pages for two providers.Both of these companies are members of our panel of funding providers, and from the product information pages you can access links to make contact with them.Over the last few days, I have also been reminded, how the approach and...

  By Glenn Blackman
• 11 Oct

  

  

  4M Of False Invoices Lands David Marsden A 10 Year Ban

  A Government press release dated 8th October 2018 confirms that David Andrew Marsden (62 from Exeter) has provided a 10 year directors disqualification undertaking, that has been accepted by the Secretary of State.The undertaking is effective from 9th October 2018, and prohibits the individual from holding any Directorships. David Marsden was formerly the boss of First Capital Factors, the...

  By Glenn Blackman
• 01 May

  

  

  Have You Had A Letter From RBS Asking You To Move Your Business Elsewhere?

  Have you had a letter from RBS encouraging you to move your business banking elsewhere?I read James Hurley’s article in the Times, “The bank that likes to say goodbye“ (30th of April 2018) with a sense of shock.Apparently, the Royal Bank Of Scotland (RBS) are in the process of writing to 220,000 small companies, that are existing banking customers, asking them “would you kindly consider...

  By Glenn Blackman
• 17 Jul

  

  

  Advantedge Acquires Henry Howard Cashflow Finance

   News just in, Henry Howard Cashflow Finance, the Newport based invoice finance company, has been acquired today by Advantedge Commercial Finance (formerly Factor 21).REQUEST A CALL BACK FROM ADVANTEDGE COMMERCIAL FINANCEApparently Henry Howard Finance Group have decided to exit the invoice finance and factoring market space to refocus on their asset and vendor finance products, leaving an...

  By Glenn Blackman
• 18 May

  

  

  Summary Of Our Invoice Finance Pricing Research

  This post pulls together all our research, and information, regarding invoice finance pricing and prices.Our free receivables financing guide describes both how the products work, and also how the pricing is structured. It also sets out minimum costs for full turnover products, which start from c. £3,000 + VAT per annum - selective products (typically costing c. 2% per month) can have a much...

  By Glenn Blackman
• 25 Apr

  

  

  How Effective Is Using Blockchain To Avoid Invoice Finance Fraud?

  I have seen quite a few articles recently suggesting that blockchain technology can be used to help combat invoice finance fraud. I have written before about the benefits of using blockchain in an invoice finance scenario.The first time I came across this application was an organisation called Populous who are presently are launching what they believe to be the first blockchain based invoice...

  By Glenn Blackman
• 02 May

  

  

  Funding For A Manufacturing Company

  There is an established connection between manufacturing companies and the use of invoice finance to improve their cash flow.Looking at the UK finance figures for the asset-based finance industry, to the end of 2017, manufacturers make up 25.8% of their member’s clients.The key reasons why invoice finance works for manufacturers is that within a manufacturing business, there are significant...

  By Glenn Blackman
• 09 Jun

  

  

  Invoice Cycle Rebrands As InvoCap

  Invoice Cycle, the selective invoice finance provider, have announced that they are to rebrand their business as InvoCap.At the same time they have announced the expansion of their product range to include secured business loans.Another interesting development within the invoice finance sector, that mirrors several other of the selective invoice finance companies that have made similar moves into...

  By Glenn Blackman
• 04 Sep

  

  

  What Is Impacting The Factoring Industry

  I recently received a kind invitation to moderate the SME Insights panel at the Alternatives & Receivables Finance Forum in London. I noticed that one of the organisers recently posted a question on social media, "What is impacting the factoring industry?". So I have set out my views on this question, below.The first clarification is to confirm that "factoring" is being used as a term to describe...

  By Glenn Blackman
• 15 Jun

  

  

  Ashley Finance Absorbed Into Ultimate Finance

  The AIM listed Ultimate Finance Group acquired Ashley Commercial Finance back in 2010 for an initial consideration of £4.75m.Ashley Finance is now to be absorbed into Ultimate Finance with all products and services continuing to be offered as usual.Sad to see another long established factoring brand disappear, but the business itself is now part of an equally established, and respected invoice...

  By Glenn Blackman
• 26 Apr

  

  

  Invoice Finance Enquiries We Have Seen Recently

  The invoice finance enquiries that we have been seeing recently has been typically diverse, factoring through to invoice discounting.There is a balance between people looking for a full turnover option, where all of their transactions are funded and those looking for selective or single invoice finance.In particular, we have seen a number of enquiries on the selective side, for body shop...

  By Glenn Blackman
• 27 Aug

  

  

  Updated Info Pack From FundInvoice

  We have just updated our info pack, which is our version of a brochure outlining our services. Its in a PDF format and it details the business funding and invoice finance quote search and advice service that we offer at FundInvoice.You can download a copy of our brochure/info pack here: FundInvoice Info PackIt includes:If you would rather just speak to someone about what you need please call...

  By Glenn Blackman
• 30 Apr

  

  

  Calculating The Cost Of Leaving Invoice Finance Or Factoring

  Calculating the cost of leaving invoice finance depends upon the type of facility that you have, and the nature of the agreement that you have entered into.There are various aspects to calculating the overall cost. Firstly, there may be a termination fee. Secondly there may be additional costs that you will incur by having to undertake certain tasks yourself, that were previously undertaken by...

  By Glenn Blackman
• 09 May

  

  

  What You Need To Know About Receivables Financing

  A conversation today with one of our receivables financing companies reminded me of just how much knowledge we have about that marketplace, and how we tend to take a very analytical research based approach to comparing providers (rather than just basing decision on anecdotal evidence).Much of our research you will find on this website, but both myself and my business partner have been involved...

  By Glenn Blackman
• 03 Jul

  

  

  Hive Project Strike Deal With Gosocket Over Half Billion Of Blockchain Based Invoice Finance

  It was nice to be contacted by a representative of the Hive Project to advise, prior to general release, that they have struck a huge deal with Gosocket, to establish a joint invoice financing platform, in Q3 2018, based on their blockchain invoice finance technology.They report that there are half a billion of eInvoices ready to be funded via this portal.Gosocket is a network that connects...

  By Glenn Blackman
• 29 May

  

  

  5 Financial Mistakes You May Have Already Made

  Below is a list of five common financial mistakes, that you may have already made within your business.It is very common within a business for the prime movers to use their own money to support its cash flow. This may be in the form of a cash loan to the business, or it may be that you pay for business expenses on a personal credit card, or from your own cash savings.This may seem like a...

  By Glenn Blackman
• 06 Jul

  

  

  Nucleus Commercial Finance Lowers Its Unsecured Business Loan Rates

  Nucleus Commercial Finance has, as of yesterday, lowered its unsecured business loan rates once again.Interest rates now start from a flat rate of just 5% (for an "A band" credit risk client, with a business loan on a 3 to 12 month term).CONTACT NUCLEUS COMMERCIAL FINANCEThey are able to offer longer terms, up to 36 months, and they will deal with lower credit risk clients, but the rate will...

  By Glenn Blackman