Construction Company Invoice Finance
The construction sector remains one of the most important parts of the UK economy. The sector has an annual turnover of £80bn with hundreds of main contractors and thousands of sub-contractors involved in the sector. The Government remain the main purchaser of construction projects and even with proposed spending cuts construction will remain one of the most important parts of the UK economy.
Because of the widespread use of applications rather than invoices many financiers struggle to offer suitable funding solutions for businesses involved in construction. Many factoring companies offer conventional factoring arrangements with advances up to 80% and within a short period of time are unable to cope with such issues as retentions and CIS deductions. The result is often a knee jerk reaction with the advance rate being reduced, debtor limits being reduced and charges being increased as a result of increased workload.
We are able arrange facilities in this sector that will provide the correct solution to businesses in this sector by funders who have a good understanding of all the issues.
If you are involved in any of the following areas of the construction sector -
- and are looking to raise working capital please contact us
Because of the widespread use of applications rather than invoices many financiers struggle to offer suitable funding solutions for businesses involved in construction. Many factoring companies offer conventional factoring arrangements with advances up to 80% and within a short period of time are unable to cope with such issues as retentions and CIS deductions. The result is often a knee jerk reaction with the advance rate being reduced, debtor limits being reduced and charges being increased as a result of increased workload.
We are able arrange facilities in this sector that will provide the correct solution to businesses in this sector by funders who have a good understanding of all the issues.
If you are involved in any of the following areas of the construction sector -
- Air Conditioning
- Ceilings and Partitions
- Commercial Tiling
- Double Glazing
- Flooring
- Mechanical and Electrical
- Painting and Decorating
- Scaffolding
- Shop fitting
- and are looking to raise working capital please contact us
