New to factoring?
Importer and exporter of souvenirs
A new start business, forecasting £350k, selling souvenir goods into large retail chains. With small profit margins it was important to insure the debt to protect future profitability.
A factoring facility was secured for the client with in-built credit insurance.
Supplier and installer of rubber floors for children’s playgrounds. Projecting £150k they had been declined factoring by their bank because they held a CIS certificate. The director was on a very tight timescale as he was due to leave the country in two working days’ time for an extended break leaving a relative in charge of the business.
We introduced them to the MD of a factor who met with them the day after, and completed the transaction in time for them to leave for their travels.
A £500k engineering company producing stainless steel wire and also fabrication services. 70% of the customer base was overseas. One of the German customers could reach 75% of the sales ledger. Therefore they needed a factor with a flexible approach to highly concentrated, export sales ledgers.
Two other factors had already quoted, but we were able to present a much stronger overall package
