Factoring

Leverage up to 90% of the value of your invoices

Factoring can give you access to up to 90% of the value of your invoices, often within 24 hours – so you don’t have to wait 30, 60 or even 90 days.

It gives your business a positive cashflow boost − freeing up working capital, giving you the financial headroom and flexibility to grow your business.

How Factoring works

Invoice Factoring
We manage your invoicing and sales ledger – with the same care and professionalism you’d expect from your own team.

Our Factoring service also provides credit information, issues customer statements, allocates cash received and undertakes credit control.

When an invoice has been raised, you’ll typically receive up to 90% of its value within 24 hours, with the balance being released later, less our service fee.

Is Factoring right for you? 

You’ll need annual turnover of at least £50,000. Factoring is suited to growing businesses or start-ups trading on credit terms and invoices in arrears.

Factoring is:

  • An additional source of finance − you don't need any other assets beyond the value of your invoices
  • Flexible − your working capital grows in line with your sales

This flexibility means you have the cashflow and capital to fund growth at a time that suits you, rather than being constrained by unpaid invoices.

Factoringwhat our customers say.

Try our service

You can try our factoring service for six months. If you're not completely satisfied, give us 28 days' notice for a full refund of fees*. Terms and conditions apply. Read our Business Charter to find out more.

Next steps

Call us on 0800 169 4356 to learn more about factoring and our other business funding options.

Turnover more than £250,000?

Invoice Discounting could be a more suitable product.

The provision of credit or leasing services by us is subject to your meeting our Credit approval.  Please ensure that you only apply for credit or leasing services that you can comfortably afford.


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