Factoring invoices or other forms of invoice finance are now being used by nearly 45,000 companies in the UK, generating a combined turnover in excess of £200 billion, according to statistics released by the factors’ trade association.
Most companies, assuming that all factoring companies are the same, take the simplest route signing up with the subsidiary of their clearing bank without first establishing whether or not there are more suitable options available but unlike most other financial facilities, factoring of invoices is the provision of finance geared to a service and that service element is highly variable from one factoring company to another and in very general terms the big bank owned factors do not rank well in the service stakes.
Selecting a factoring company should be straightforward but in reality it isn’t and we have very real concerns with the way that some invoice factoring companies operate as the quality of service that it offers is so important to a company that it can affect the financial health of that company and therefore selecting the wrong factor can have devastating effects.
Factoring Invoices UK probably has more industry experience than anyone else having been involved in factoring and invoice discounting for nearly 45 years. We know which factoring companies offer the service levels that they claim and more importantly we know which ones don’t and we refuse to deal with them or anyone else whose promises don’t match their performance levels.
There are no charges for our services and you therefore have nothing to lose but much to gain as we only introduce people to one of the few factoring companies that actually perform
Factoring Invoices UK
5 Torridge, Hockley, Tamworth, Staffordshire B77 5QL
Tel: 01827 707680