Invoice discounting is the fastest growing invoice finance facility in the UK generating a combined turnover in excess of £190billion with huge growth coming from this sector.
An interesting statistic (unfortunately not available) would be how these companies select the invoice discounting company with which to entrust the financial health of their business, as selecting the wrong one could have devastating effects.
It would seem that the majority of companies using confidential invoice discounting to speed up cash flow take the simplest route and sign up with the subsidiary of their clearing bank (approx 70%) without first establishing whether or not there are more suitable options available.
Invoice discounting should be straightforward but in reality it isn’t and we have very real concerns with the way that some invoice discounting companies operate as there can be a big difference between the funding levels promised and those actually achieved as the invoice discounting companies use a range of tricks to keep the funding as low as possible.
These tricks include setting artificially low credit limits, refusing to fund any account with a balance in excess of 20% of the total or even setting an artificially low overall funding limit
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 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 discounting companies that actually perform
Factoring Invoices UK
5 Torridge
Tamworth
Staffs
B77 5QL
Tel : 01827 707680