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• 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
• 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
• 22 Jan

  

  

  Factor 21 Changes Name To Advantedge Commercial Finance

  The established, independent invoice finance company Factor 21 has changed its name to Advantedge Commercial Finance, with effect from 22nd January 2018. The name appears an interesting combination of the words “advantage” and “edge”.We understand that only the name and the look has changed, apparently everything else remains the same.The company has been established since 2001 and...

  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
• 18 Dec

  

  

  Merry Christmas 2017 From FundInvoice

  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
• 16 Jan

  

  

  Carillion Liquidation Help For Contractors

  With the liquidation of Carillion many contractors that supplied the countries 2nd largest construction company will be looking to understand what help they can access as a result of the money that they are owed by this construction giant.The good news is that many companies have pledged support. Some of the major banks have offered up support funds, many alternative finance companies have...

  By Glenn Blackman
• 23 Feb

  

  

  How Invoice Finance Prices & Funding Levels Compare Between Companies

  Before you go ahead with an invoice discounting facility you may want to read our summary of how prices and funding levels compare between different invoice discounting companies.GET A QUOTE FOR INVOICE DISCOUNTINGWe conducted this comparison by seeking quotes for a client, from a number of different providers that offer these types of invoice discounting facilities. The client was of an average...

  By Glenn Blackman
• 09 Feb

  

  

  Court Of Appeal Ruling On Ban Of Assignment

  A ruling has apparently just come from the UK Court of Appeal according to Out-Law.com (we can't give legal advice so you need to seek independent legal advice before acting on this).The court apparently upheld an earlier ruling that means that funders can be more confident in financing receivables where there is a ban on assignment in the terms of the client's customer."Ban on assignment" is a...

  By Glenn Blackman
• 25 Jan

  

  

  97% Business Finance Approval Rate

  FundInvoice have a strong record in terms of being able to find business finance for companies.We have just checked our records and we found that to date, we have a 97% business finance approval rate.That means that of every 100 prospects that we have dealt with, we have been able to find business finance for 97 or them, with only 3 being cases that we cannot help. This could have been for...

  By Glenn Blackman
• 24 Jan

  

  

  Invoice Discounting Minimum Monthly Fees Charges Compared

  I was asked to clarify if minimum annual fees are still charged monthly, and how many providers offer a flat fee structure (as opposed to charging a percentage of turnover). The answer is that most providers have moved away from quoting a minimum annual fee, towards quoting minimum monthly fees. The effect is the same, but I guess the number presented to a prospective client seems much smaller...

  By Glenn Blackman
• 29 Jan

  

  

  Service Charge & Discount Charge Differences Between Invoice Discounting Companies

  I recently reported the 86% differential between the cheapest and most expensive quotes that we received for a particular client situation. This difference was based on a comparison of the anticipated charges that might be levied by different invoice discounting companies.I thought it might be interesting to look in a bit more depth at the components of those costings, and how they vary between...

  By Glenn Blackman
• 16 Jan

  

  

  Education Finance From Nucleus Commercial Finance

  I recently had the opportunity to interview Phillip Speed of Nucleus Commercial Finance, about their Education finance product.The market for further and higher education is apparently worth a huge £2.5 billion, and there have been big developments in aspects of the education sector, such as apprenticeships.In response to this, Nucleus Commercial Finance have launched their education finance...

  By Glenn Blackman
• 25 Jan

  

  

  Amicus Commercial Finance Rebrands As Investec Capital Solutions

  In the second rebranding within the invoice finance sector this week, Amicus Commercial Finance has rebranded as Investec Capital Solutions, with effect from 25th January 2018.Amicus was launched in 2015, and was acquired by Investec Bank plc on the 6th December 2017, hence the rebranding to complete their integration into the banking group.Their email to their introducers confirms that despite...

  By Glenn Blackman
• 15 Mar

  

  

  Funding Invoices For Body Shops

  If you are a body shop, undertaking crash repairs that are billed to insurance companies, you may be waiting 60 days or more to get paid for the work that you undertake.You don't have to wait to get paid, you can sell those invoice for their full value (less a small charge for using the service) and get your money in 24 hours. You will not have any further responsibility after you sell the...

  By Glenn Blackman
• 16 Mar

  

  

  Invoice Finance For 100 Percent Permanent Placements

  An interesting recent case where one of the invoice finance companies passed a client to us, that they were unable to assist.This particular case was a specialist recruitment company, dealing with the education sector - staff such as nursery teachers. The agency dealt with 100% permanent placements, that is recruiting for permanent roles, rather than temporary staff.Temporary staff recruitment is...

  By Glenn Blackman
• 31 Jan

  

  

  FundInvoice Exceeds 10 Million Funding Target

  We are pleased to announce that the team at FundInvoice have exceeded our £10M funding target, and arranged £10.75 million of lending for clients.The facilites are spread across a large number of individual corporate clients, and we have dealt with the full range different size clients.Many facilities have been for small businesses, some have been as small as £15K, including a number that we...

  By Glenn Blackman
• 08 Jan

  

  

  Comparison Of Quotes for Confidential Invoice Discounting - 86% Difference

  This is a comparison of the confidential invoice discounting quotes that we checked for a company recently. Also known as CID, this kind of facility provides funding but allows the prospect to retain control of their own credit control function, without their debtors being alerted to the involvement of a third party funder. The business was a straightforward average size proposal, but of the 13...

  By Glenn Blackman
• 13 Feb

  

  

  Construction Simple From Bibby Financial Services

  Bibby Financial Services have launched their new construction sector finance product called "Construction Simple".This product delivers specialist finance for small and medium sized construction sector companies, that want to improve their cash flow. It works by freeing up 70% of the cash that is tied up in your unpaid sales invoices, or uncertified applications for payment.Construction Simple...

  By Glenn Blackman
• 19 Dec

  

  

  1% Over Base Rate For 12 Months

  We have a new special offer for our clients - a very low discount charge (which is the equivalent of interest when referring to receivables financing facilities).The offer is an invoice finance discount charge of 1% over base rate (base currently being 0.5% at the time of writing), for the first 12 months from taking out a new facility.The offer is being made by just one of the invoice finance...

  By Glenn Blackman
• 14 Mar

  

  

  Why You Should Not Just Compare Invoice Discounting Pricing Percentages

  So often we speak to customers that are comparing various offers for invoice discounting, and their key measure for comparison is the headline administration (often wrongly referred to as service charge) charge percentage.With an offer for invoice finance, you normally are quoted a service fee (or administration fee for invoice discounting), a discount charge (similar to interest) and then there...

  By Glenn Blackman