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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
• 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
• 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
• 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
• 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
• 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
• 24 Aug

  

  

  Invoice Finance Practices To Watch Out For

  Whilst having a meeting with one of our funding partners, we started discussing practices that can mislead customers, that we have come across around the invoice finance industry. I thought it might be helpful to put up a list of these practices so that customers can watch out for them.I have posted before about the research we have conducted into the setting of minimum fees. Most of the whole...

  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
• 27 Jun

  

  

  More Accident Repair Invoices Funded

  One of our specialist funders has just completed the payout against another accident repair company's invoices to insurers.The accident repair company had been established for several years, and they had a few invoices to insurers such as Hastings Direct and AIA Group, that they wanted to get payment against immediately. The issue is that invoicing insurance companies often takes a while for...

  By Glenn Blackman
• 22 Jun

  

  

  Same Day Business Funding - A New Record Turnaround

  We have just set a new record for the time it takes to turnaround a business finance enquiry. We arranged same day business funding for a client, with approximately 7 hours between enquiry and them receiving cash from the finance company.That's a new record turnaround for us!REQUEST A CALL TO DISCUSS FUNDINGWe were contacted in the morning by a car crash repairs coachworks business that were...

  By Glenn Blackman
• 21 Jun

  

  

  De Poel Rebrands As GRI Following Acquisition

  According to Global Banking & Finance, de Poel - the neutral - vendor managed service provider (MSP) for non-permanent hires and contingent workforces has rebranded as GRI. This follows de Poels acquisition in January 2018 by GRI, a US based independent extended workforce solutions provider.We have had a number of successes in helping clients find funding against invoices to GRI (formerly de...

  By Glenn Blackman
• 23 Jul

  

  

  How Financially Strong Is Your Invoice Finance Company

  How financially strong is your invoice finance company?The recent appointment of Liquidators at Urica Ltd made me think about the relative strength of the financial position of different invoice finance companies.In the case of Urica, they had incurred significant historic losses, and had a negative net worth within the business, according to accounts filed prior to the failure. Therefore, they...

  By Glenn Blackman
• 28 Jun

  

  

  Cash Flow Loans

  We have had enquiries recently seeking cash flow loans, and we have also seen several of the invoice finance companies extend their product portfolios to include business loans.The purpose of a cash flow loan is normally to finance the trading of a company, maybe to handle large orders or to enable the company to pursue business growth.REQUEST A QUOTEThe terms offered have varied widely. We have...

  By Glenn Blackman
• 04 Aug

  

  

  Barclays Bank Takes An Equity Stake In Marketinvoice

  In a surprising move, Barclays Bank have *reportedly taken a significant minority stake in Marketinvoice, the Fintech business funding platform. The move was reported to be as part of a strategic partnership, between the two organisations, to offer Marketinvoice's invoice financing services to some of Barclays' customers. Finextra quotes Ian Rand, CEO of Barclays Business Bank as saying ". . ....

  By Glenn Blackman
• 12 Aug

  

  

  Why Factoring Is Used

  In my blog post yesterday, I wrote about the perception of one of the invoice finance providers that factoring is growing in popularity. To a certain extent, in recent times, the industry statistics do show a slight swing towards factoring products, as opposed to invoice discounting.This post just explains the reasons why companies use factoring rather than other forms of invoice finance.The key...

  By Glenn Blackman
• 19 Jul

  

  

  Invoice Finance Despite Sale Or Return Terms

  Normally finding invoice finance when a large customer trades on "sale or return" terms (SOR) would be impossible. However, we have just completed such a deal for one of our clients.Sale or return means that the customer receives your product and they can return it if they are unable to sell it. If they can sell it they pay for it. Invoices are often raise before the outcome of their sales...

  By Glenn Blackman
• 18 Jun

  

  

  Why Do Large Companies Pay Late?

  I've just answered a question posed online about "why do large companies pay late?".Firstly its worth mentioning that this does not apply to all large companies. We deal with numerous financial services companies who tend to pay very quickly.There are a couple of key reasons for some large companies paying late, which are explained below. Despite there having been a tightening up on large...

  By Glenn Blackman
• 11 Aug

  

  

  Is Factoring Growing In Popularity?

  We regularly have meetings with factoring companies to keep up to date with the latest pricing offers and product developments.In a meeting the other day, with one of the small independent factors the Sales Director told us that they were experiencing an increase in the number of factoring enquiries, over and above the demand for invoice discounting. He suggested that they were seeing factoring...

  By Glenn Blackman
• 01 Oct

  

  

  Explaining Invoice Discounting And Factoring Charges

  I wanted to share this really good example of how someone not familiar with invoice discounting and factoring quotations can end up misinterpreting the quotes, when they try to make a comparison - ending up "comparing apples with oranges".GET A FUNDING QUOTEIn this particular case the prospect had two quotes, one from a provider we had found for them (the cheaper quote) and one they had sourced...

  By Glenn Blackman