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• 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
• 24 Apr

  

  

  Factoring For Road Transport Company Cash Flow Problems As Bad Debts Increase

  Coincidently, just after posting my article about transportation factoring companies, I saw an article published online by the Motor Transport publication, suggesting that bad debts have risen significantly within the road transport sector.The article sites figures regarding the road transport sector, released by Credit Safe. This statistics show that in the first quarter of 2018, while sales...

  By Glenn Blackman
• 23 Apr

  

  

  Retailageddon - Why Are So Many High Profile Companies In Financial Trouble?

  Can anyone explain why so many high profile companies are having financial problems? Is there cause to worry about economic stability?I first started really paying attention to the spate of emerging problems when Carillion collapsed, the second largest UK construction firm. Watching some of the social media commentators that have an interest in the credit insurance sector. Since then there seem...

  By Glenn Blackman
• 20 Apr

  

  

  Transportation Factoring Companies

  Transportation and distribution are key sectors for the use of factoring services. Many companies within those sectors use this form of funding, in order to unlock cash to improve their cash flow.Transport companies accounted for 6.6% of all clients of members of the ABFA (now UK Finance) as at the end of December 2017. Distribution companies accounted for 23.5% of client numbers, at the same...

  By Glenn Blackman
• 19 Apr

  

  

  Factoring Examples

  Below I have set out some factoring examples, so that you can see exactly how the product works.GET A FACTORING QUOTEBelow are a variety of examples of situations where factoring can and a fit your business.If you are not currently using the product, any outstanding customer invoices can be immediately turned into cash, boosting the working capital available to your company.A good example of this...

  By Glenn Blackman
• 18 Apr

  

  

  Factoring Advantages And Disadvantages

  If you are looking at using factoring as a source of funding for your business, you may be interested to understand the pros and cons.Below I have set out the factoring advantages and disadvantages in simple terms, so that you can make an educated decision.The biggest advantage is the improvement to your company's cash flow. As you raise new invoices to your customers on credit terms, they are...

  By Glenn Blackman
• 13 Apr

  

  

  Alternative Finance If Declined By A Bank

  If your company is having difficulty finding business finance through traditional sources i.e. banks, you may want to turn to the alternative finance market, which will provide further options.There are plenty of alternative finance solutions here, we have arrangements in place with a large number of funders that can help in a wide range of circumstances.One option is a business loan from an...

  By Glenn Blackman
• 12 Apr

  

  

  Business Loans For New Start-Up Companies

  Business loans can be provided to new start-up companies. There is an appetite for lending to startup companies, whether or not the Directors are homeowners.This may be good news if you are thinking of starting a company and need some capital to get you up and running.It is not the case that all lenders will provide loans to startups. Funding Circle for instance, state in their investors guide,...

  By Glenn Blackman
• 11 Apr

  

  

  Make Money By Referring Companies For Business Finance

  You could make some additional money by referring companies to us that need business finance. We get paid a commission on any deals that we successfully place and they take up a facility. We would be happy to split any commission received with you.CONTACT US ABOUT INTRODUCINGThere is lots of information on our website about the kinds of finance that we can find for companies. In broad terms it...

  By Glenn Blackman
• 10 Apr

  

  

  Card Payment Advances From Nucleus Commercial Finance

  We have just had some new literature through from Nucleus Commercial Finance regarding their Business Cash Advance product, BCA.We have previously documented their BCA offering, but below are the key details once again.The card payment advance is available to companies that take payments via a card machine. You can borrow up to 120% of your total monthly card payments, up to a maximum of...

  By Glenn Blackman
• 09 Apr

  

  

  Solving 5 Problems For Recruiters

  This article sets out 5 common problems that we can solve for a recruitment company.Most recruiters would like to have more time to work on placing candidates or temps. We can help solve this by outsourcing a number of your back office functions for you, freeing up time that you can spend recruiting candidates, or temporary staff, and placing them with customers. After all that is the core...

  By Glenn Blackman
• 08 Apr

  

  

  UK Finance 2017 Statistics Indicate High Growth Business Users

  UK Finance, who recently absorbed the industry body formerly known as the ABFA, have just reported on their year-end statistics for 2017, for the invoice finance and asset based lending market amongst their members.It is important to note that not all invoice finance companies are members of the UK Finance industry body, however the figures do represent a large proportion of the UK market.The...

  By Glenn Blackman
• 07 Apr

  

  

  Do You Know The Standard Payment Terms Your Customers Can Take?

  Did you know that the standard payment terms in the UK are 30 days from the date of your invoice?Many will not be aware that if you did not specify payment terms within the contract with your customer, there are default standard credit terms that will apply to your invoice. At the current time, those are payment within 30 days of the invoice date. You can check this for yourself on the government...

  By Glenn Blackman
• 05 Apr

  

  

  Interest Only Loans For Start-Ups

  Finding finance for new start-up company can be difficult, but there are funders within the market that can help.We have just received notification from Nucleus Commercial Finance, one of our funding panel, that they have launched “Start-Up Finance”, a specialist interest only loan product for new start companies.The new company can borrow between £25,000 and £20 million, secured against...

  By Glenn Blackman
• 05 Apr

  

  

  5 Things To Check When Completing Your VAT Return

  As it is coming to the end of the VAT quarter again, I thought I would make a list of the five things that I check regarding each VAT return. The list is not intended to be comprehensive, and we are not providing any accounting advice, rather this is a list of the items that I check.If like us your accountant produces your VAT return, you will still need to check that the figures are...

  By Glenn Blackman
• 04 Apr

  

  

  Simple Explanation Of Factoring

  This is a very simple explanation of factoring. For a detailed explanation of the full range of product variations please see our free guide to the different types of factoring.In very simple terms, factoring is a financial service for businesses. It provides two core services, and there are a number of additional optional extra services. The two core services are funding and credit...

  By Glenn Blackman
• 03 Apr

  

  

  The Cheapest Invoice Finance Company

  If you are looking for the cheapest invoice finance company, you may be surprised to know that there is no single company that answers this description.The cost of an invoice finance facility depends upon a number of factors, and the cheapest provider for any particular circumstances varies according to those circumstances.We have undertaken extensive research into the pricing of invoice finance...

  By Glenn Blackman
• 02 Apr

  

  

  What To Do If A Supplier Puts You On Stop

  What to do if I supplier places you on stop.It is common practice within credit control to place a customer “on stop“ if they have not kept their credit account sufficiently up-to-date.What this means is that the supplier refuses to provide further goods, until the credit account has been paid up to date.This can cause a significant problem for the debtor as they may need further supplies in...

  By Glenn Blackman
• 01 Apr

  

  

  Leveraging Target Company Assets To Raise Money For An Acquisition

  We have continued to work with a number of parties who are looking to make acquisitions by leveraging the assets of the target company that they are acquiring. This is a way to raise part or all of the purchase price to pay for the business that is being acquired.This methodology of raising acquisition finance is not widely known, but it can be an excellent way of facilitating the acquisition of...

  By Glenn Blackman
• 31 Mar

  

  

  Recruitment Startups Building Up Enough Trade For Receivables Financing

  We have recently spoken to a few new start recruitment companies recently that have taken the approach of waiting to set up their receivables financing arrangements, until they have what they consider to be a sufficient amount of work in the pipeline.This may sound logical, but there are several reasons why it may not serve your best interests as a recruiter.There are a couple of things to...

  By Glenn Blackman