Case Study - Funding Against de Poel For A Recruitment Business
FundInvoice were recently able to assist an established recruitment business, with an annual turnover of £1.8 million. The company were already using a factoring facility, which was provided by one of the large bank backed factoring companies.
Funding Against de Poel
The prospect company was experiencing funding restrictions because the bank were unable to provide adequate funding against their prime debtor, de Poel.
This is a funding issue that we come across before and we were able to introduce the prospect to a factoring company (backed by a well known bank) that were able to offer a significant improvement in the concentration limit against de Poel. This flexible approach released further funds for working capital, proving that not all factoring companies are the same.
Article - Funding Against RPOs and DePoel