Factoring is a way your business can obtain cash, by leveraging finance off the people and organisations that owe you money - your debtors.

 

Your outstanding sales invoices could well be one of your largest assets. Many businesses have up to 25% of their total year's revenue owing to them at any one time. This cash is effectively locked and lack of access to it can severely hamper the potential growth of the business. In some situations, it can lead a business into an insolvency problem.

 

Moreover, many small to medium-sized business don't have the systems in place, nor the resources, to collect outstanding invoices in an efficient manner. Factoring is often a very smart approach to outsource the collection of debts and management of the sales ledger.

 

Here is an outline of how the factoring process works:

 

A. Customer receives goods or services provided by your business.

 

B. You send an invoice to the customer. You also send a copy to the factoring company.

 

C. Over the next one or two days, the factor pays you an agreed percentage of the value of the invoice.

 

D. The factoring company collects the money off the customer.

 

E: The factoring company pays you the remainder of the invoice less their agreed fee.

 

Business Data has partnered with some of the UK's largest factoring organisations.

To receive a free no-obligation quote, please complete this short form:

 

 

What are you looking for?
Confidentiality	Yes  No
Credit Control	Yes  No
Bad Debt protection	Yes  No
How many live customers do you have *
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Forecast annual sales (in numbers)	Up to 250k 250k - 500k 500k - 1m 1 - 2m 2 - 5m 5 - 10m 10m+
	UK %  100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0  Export %  100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0
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