Factoring Review Service

Based on many yeares experience in the factoring and invoice finance sector we can review your current arrangements.

This sevice is particularly useful when your current arrangement is coming up for renewal or where you are being asked to extend your arrangement in return for changes to the facility.

 Many businesses sign up to an invoice facility  which does not deliver what they require and they find themselves locked into an arrangement that starves them of working capital rather than assist their business.. We will be able to look at your requirements and advise the best way forward. In many cases this will require negotiations with the existing factor rather than moving to a new provider. If however the existing factor will not change the terms there may be no alternative but to seek a fresh funder.

Because many businesses sign up quickly and focus on the headline terms such as rates and advance rate they often miss the more crucial terms such as  customer limits and concentration percentages. Factoring companies like most finance companies are keen to manage their risks at at times this can impact on their customer in a way that can cause serious financial pressure.

You could find that due to a breach a factoring company has given you notice. This is a serious situation and we can offer positive solutions in finding a new facilty. Breaches should be avoided at all costs as it may limit choice in te future and may impact on the ability to negotiate competitive terms.

What is Involved

We will need sight of the terms of your current facility and details of the areas of concern. Every situation is different but the purpose of the excercise is to look at your business and assess your requirements. Having carried out the overview we will then propose a solution. You do not have take our advice however it will give you an independent opinion of your current faclity.

Fees

The fees for any of the services are charged on an hourly rate plus agreed expenses which will be set out at the commencement of any project,You can be assured that you get good value for money

If you are encountering problems with your current facility or simply want an independent overrview please contact us..