Factoring for UK businesses - Cashflow UK are factoring and invoice discounting brokers finding appropriate factoring and invoice discounting facilities
Factoring charges are made up as follows:
- Service fee: The factoring provider charges a service fee expressed as a percentage of the total volume of invoices factored which usually ranges from 0.5-3% depending on the volume and nature of your business.
This is a workload related charge. The number of customers and the number of invoices you raise has a direct effect on this charge.