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• 02 May

  

  

  Help If A Factoring Funding Limit Is Removed

  If you have had a factoring funding limit removed or reduced, it can dramatically affect your ability to borrow money against a customer's invoices. However, you should be reassured that not all factoring companies will take the same view on a particular debtor.GET IN TOUCH TO SEE IF WE CAN HELPA funding limit (or credit limit) is set by the factoring company against each debtor. With a recourse...

  By Glenn Blackman
• 27 Apr

  

  

  How Recourse Factoring Works

  One of the concerns customers sometimes have about using factoring is the worry that they will have to repay the finance against a particular invoice, if the debtor doesn't pay them. This is because the most common form of invoice finance is what we call "recourse" or "with recourse". This means that if an invoice isn't paid after a set period, you have to repay the funding to the factoring...

  By Glenn Blackman
• 15 May

  

  

  Solving A Single Debtor Credit Limit Issue For A Construction Sector Company

  We have just been able to help a construction sector company solve a cash flow issue by getting funding against their single debtor. We were able to find them a credit limit that was several times larger than other funders were able to offer.I wrote recently about our success in helping customers with funding limit problems, and this case was a similar example of how we are able to overcome...

  By Glenn Blackman
• 14 Aug

  

  

  Populous Invoice Finance Using Blockchain Cryptocurrency

  A new invoice finance company called Populous has just raised money to pilot its invoice finance platform that uses Blockchain cryptocurrency in support of an invoice financing model, according to an article in Pymnts.com.I read the 21 page white paper on the Populous site, with some interest, to understand what the benefits might be.In essence there seem to be 3 key points to draw from this...

  By Glenn Blackman
• 08 May

  

  

  Do Tech Savvy People Under Value Recruitment Consultants

  Do younger, tech savvy people tend to undervalue the use of recruitment consultants in finding a job?I recently commented on an interesting post on LinkedIn about why the recuitment process often fails to match the right people with the right jobs. Some of the issues that it blamed were over specific job descriptions and impersonal and excessive use of technology to sift through CVs in the...

  By Glenn Blackman
• 10 Jul

  

  

  5 Secrets About Getting Construction Finance

  The construction sector has been notoriously difficult to finance due to the the many issues that tend to come as part and parcel of working within the sector. These are problems such as stage payments, raising applications for payment instead of invoices, having complicated contracts with main contractors, to mention but a few.There are a number of financiers that are specialists in funding the...

  By Glenn Blackman
• 21 Nov

  

  

  Business Finance For Startups

  I thought I would conduct a small piece of research to find out how easy is it for a new startup to find its way to business finance brokers such as ourselves, that can help with invoice finance products.I used the situation of a company that is highly suited to using some form of cash flow funding - although they may not know the name of the product that they are looking for. The result was that...

  By Glenn Blackman
• 01 Jun

  

  

  Business Finance With Bad Credit

  Getting business finance with bad credit whether its your company that has a bad credit history, or you personally, appears to be a concern for a number of businesses.I recently read an article online about how to improve the credit rating of your business, clearly production of the article had been prompted by a need that the authors had identified for companies with bad credit to raise...

  By Glenn Blackman
• 25 May

  

  

  Finance For Construction Company In CVA

  Finance for a construction company that's in CVA (creditor's voluntary arrangement)? Most financiers would say "no thank you" but we have partners that can help.It's common when a company has financial problems, or a poor credit history, to just assume that you won't be able to raise any finance from anywhere. Everything these days seems to revolve around having a clean credit history, and a...

  By Glenn Blackman
• 19 Jun

  

  

  Factoring Clients Change Invoice Finance Companies More Often

  The majority of invoice financing users are happy with their current provider, we found that 98% were prepared to recommend their existing provider, which speaks volumes to the general level of satisfaction amongst companies already using these working capital enhancing products.However, there are always a few clients that want to change invoice finance companies, often they are looking to...

  By Glenn Blackman
• 18 Aug

  

  

  Late Payments Expected In The Construction Sector

  Construction companies are bracing themselves for a wave of late payments, as a result of the uncertainty around Brexit and the UK economy.Our recent late payment study found that the construction sector was one of the industry segments expecting to be worst hit as a result of Brexit (Britain leaving the European Union in March 2019). The extended timescale with the proposed exit is an issue in...

  By Glenn Blackman
• 31 Jul

  

  DueCourse In Administration

  DueCourse Limited  have apparently gone into Administration. according to FinExtra the invoice financing fintech platform raised £6.5 million of funding, but have since gone into Administration.A quick search at Companies House reveals that the company DueCourse Ltd, registration number 09205274 went into administration on 14 July 2017.The company filed accounts to September 2016 that showed a...

  By Glenn Blackman
• 02 Aug

  

  

  Credit Control Agency

  One of the credit control agencies that we work with have been able to provide some first class credit control support to one of our clients, who needed help getting their unpaid invoices collected in. The agency took over the collection of the invoices from customers and they have improved the speed with with they are paid, reducing our client's debt turn. So they have a good track record of...

  By Glenn Blackman
• 06 Dec

  

  

  Investec Bank Plc Acquired Amicus Commercial Finance

  It has just been announced that on the 6th December 2017, Amicus Commercial Finance was acquired by Investec Bank Plc. The details of the deal were explained in an email to their introducers and contacts.Apparently the Amicus Commercial Finance brand will be retained for the next few months, and the contact details for Amicus will remain the same. Thereafter, it the business will be integrated...

  By Glenn Blackman
• 07 Jun

  

  

  Recruiters Using Invoice Finance Have Less Late Payment Concerns

  Recruiters that use invoice finance have fewer issues with customers paying late.In our study of the attitudes of East Sussex & Kent based recruiters to late payments problems and the use of various finance options, we previously reported that 52% of the recruitment companies that we surveyed told us that they wanted to see late payments by customers improve.Further analysis of the results of our...

  By Glenn Blackman
• 20 Jun

  

  

  Help With Invoice Finance Prime Debtor Problems

  If you have one single customer, or perhaps just a handful of customers, it can cause you problems with your invoice finance facility.Some factoring companies like to restrict funding in respect of prime debtors (the biggest customer balances on your sales ledger). This can lead to all sorts of cash flow problems for the client. We have helped with many situations where a prime debtor restriction...

  By Glenn Blackman
• 22 May

  

  

  Pre-Invoicing Requires Trade Finance

  Pre-invoicing is normally a "no-no" in the invoice finance arena but in this case we found a way around it for our client.It means is that the supplier is raising their invoice, to their debtor, before they have delivered the goods (or services) to which the invoice relates. The normal course of business would be to raise invoices, in arrears, after delivery of the product or services.Normally,...

  By Glenn Blackman
• 03 Jul

  

  

  5 Tips If You Only Have One Customer

  Most businesses start with one customer, however remaining reliant on just one customer can have serious consequences, which I detailed in my recent blog post "Help with invoice finance prime debtor problems". Whilst the problem is particularly problematic if you are using factoring or invoice discounting, the risks to your business also apply if you don't use this type of funding.The...

  By Glenn Blackman
• 22 Jun

  

  

  Testimonial As Invoice Finance Stops Recruiter Closing Down Business

  Its always nice when we get testimonials, this was one that we received regarding a client, a recruiter, who said that our assistance stopped them closing down their business.Recruitment finance is one of the areas that we tend to specialise in, as the number of staff agencies using invoice finance is approximately 20 times the national average.This was the comment given by one of the Directors...

  By Glenn Blackman
• 27 Jun

  

  

  Medical Reports Invoice Finance With Extended Recourse Periods

  A sector that should be ideally suited to the use of invoice finance to improve cash flow is the medical reports production associated with litigation cases. For example these could be medical reports in support of road traffic accident disputes, personal injury claims or medical negligence claims. Whilst few invoice finance companies will handle this sector, we can provide access to those that...

  By Glenn Blackman