Aldermore Business Confidence (ABC) enables small businesses with a turnover of up to £500,000 to access and utilise cash tied-up in unpaid invoices. There are no set-up or administration charges and both the servicing and discounting fees are fixed for two years from inception.

Whats Included With Your Fixed Fee Factoring Facility:

CHAPS payments and online access to Aldermore’s factoring system are included in the monthly fee and ABC customers also qualify for a free copy of Sage’s Instant Access Account software. Payment level is up to 80% of a valid invoice and all clients are given Free online access and management system.

Take Advantage of Fixed Fee Invoice Factoring here and get a free appraisal today. 

Total advances from members currently stand at £15.7bn, showing strong year on year growth of 12%. This growth comes on the back of continued growth in advances over the past five quarters and shows that UK and Irish firms are increasingly opting for this type of finance over other forms of lending.

The latest figures also show invoice finance clients are again choosing not to access all of the funds available to them. Total available funds this quarter were £22.2bn, with £6.5bn of finance available but not drawn.

Of the total funding provided by members, SMEs received almost 40%, or just over £4bn this quarter. A decreasing gap in the level of advances between SMEs and businesses with turnover above £100m suggests a growing confidence amongst SMEs as they get comfortable with increasing debt levels. This is supported by total clients’ sales growing 14% over the past year to reach £59bn.

The latest ABFA economic report also shows that export and import factoring have both grown substantially, enjoying a year on year rise in client sales of 48% and 47% respectively. This leap in demand for import and export factoring indicates that while the UK market remains sluggish, clients are looking to customers outside of the UK to buy their products, and are choosing this type of finance to help facilitate overseas trade.

Credit protection payments by ABFA members to their clients have also continued to decline, dropping by 27% over the last year to total £4.9m, consistent with the UK wide trend of lower default rates on loans and a stable rate of write offs. Together with the shortening average debtor day numbers both these factors reflect one of the key product benefits of asset based finance, namely introducing firmer debtor disciplines.

Phillip Evans, Director at Enable Corporate Strategies Ltd. “The report from ABFA is inline with our experience as we are seeing our clients with growth aspirations turning to invoice finance as one of their key enablers for growth. Used properly invoice finance is a very viable funding solution as part of the overall business finance package.”

Kate Sharp, chief executive of the Asset Based Finance Association, said: “The figures in our new economic report indicate growing business confidence amongst invoice finance clients, both SMEs and larger firms. This contrasts markedly with the general negative sentiment concerning the state of the wider UK economy and a general contraction in the stock of lending.

“Firms using invoice finance are seeing rising sales and are continuing to have access to an ample supply of finance. With total client numbers rising by 244 in the last quarter, the invoice finance sector is providing much needed finance to many UK and Irish businesses and is, and will continue to be, a significant contributor to supporting the wider economic recovery.”

source: businessmoney.net

This robust growth has taken place in a general environment of low economic growth (only 1.8% across the EU 27) and demonstrates the importance of the factoring and commercial finance industry in funding and supporting the development of business, both domestic and international.

Admittedly this growth is against the back drop of Banks have less appetite for their traditional bank lending facilities such as overdrafts. However, this reluctance to lend is requiring Business Owners to look at the alternatives and furthermore Directors are seeing that invoice finance is a very credible alternative.

An Invoice Factoring facility could be an ideal funding solution for any business that sells products or services to another trading business.

• Fund Sales Invoices up to 90%.
• Track Sales – your funding grows inline with your sales growth.
• Flexible Facility – draw down as and when you need the additional working capital.
• Similar Interest Rate Costs to an overdraft.
• Available to New Start Businesses.
• Flexible Terms – No extended tie in contracts.

If you are interested in a Risk Free invoice finance quote click here.

The above Research: Five countries made up 80% of the total EU market share: United Kingdom, France, Italy, Germany and Spain. The level of factoring penetration in terms of GDP increased from 6.5% to 8.0%

“Many smaller businesses are currently being kept waiting for much longer than their stipulated trading terms and conditions prior to their invoices are paid. In some instances the delay in receiving payment could be as numerous as 41 days longer than their regular payment terms.

“In the present economic climate, maintaining control over cash flow is important to a companies survival and when businesses are starved of money, regardless of how effective they’re, disaster looms.”

Delayed payments extremely rapidly produce a vicious circle said Luisa: “If 1 business doesn’t pay an additional on time, then a non-payment domino effect is developed where company following company is caught in a cash flow trap.

“Cashflow issues are frequently cited by businesses as the primary reason why they delay paying their suppliers, but those issues could be eased if the non-payment cycle had been to be broken by businesses paying every other on time.”

Outsource your cash flow problem use Invoice Factoring and get paid day 1 on your Invoices raised.

Based on business figures nearly a million little to medium size companies have been impacted by late payments having a staggering £24bn becoming owed in late payments at any 1 time.

“The issue isn’t confined to little businesses not paying other little businesses, big businesses and even government departments are equally guilty of sitting on their money instead of paying bills on time,” said Luisa.

With cheques because of be phased out in 2018, businesses ought to be actively looking for option payment techniques. Generating payment via the established Bacs program would break the late payments cycle at a stroke, believed Luisa.

“It is really an extremely easy procedure to have cash that you’re owed paid directly into your company bank account via the direct debit program,” said Luisa: “Running a company is tough sufficient with out the extra risks that late payments produce.”

Owing to the fact that traditional banks are still reluctant to extend credit terms in the way they used to, you the business owner or Director really need to have a robust and dependable action plan if this happens.

A cash flow problem renders a good balance sheet or profit and loss at the end of the year irrelevant. This is where Enable Invoice Finance comes in. Our dynamic business finance packages are designed specifically to track your sales and fund up to 95% of the invoice value on the day you issue to your customers.

For a more detailed look at invoice finance and obtain a risk free quote to see if invoice finance is cost effective for you please call Phillip Evans direct on 0797 0500425

The guide has been specifically designed to be short and sucsint being some of the basic questions a business owner may want to consider if he or she is thinking about factoring finance for their Company.

Please click on the link and take a look at the Top Tips To Factoring Finance

“Our publication is actually far too professional to touch the awards spectacle with a bargepole however we have been very happy to recognize an exceptional accomplishment which can be substantiated through sound data.

“Receivables 2009 verifies a couple of trends. A fragile appetite for business funding from the customers of big banks as the UK suffered from recession – this underlines why business lending targets overall are so hard for banks to achieve and is one of several reasons why Lord Mandelson’s talk of credit adjudication panels is hopelessly unworkable – and the manner in which the UK’s several independent invoice finance providers have stood up to the challenge and supported a beleaguered SME sector.

“All of them are worthy of praise but Bibby’s achievement in the UK, as well as expanding into nine countries worldwide, is outstanding and worthy of note.”

Unlock Your Companies True Potential When You Start Factoring Invoices.

Its an absolute fact successful Companies do not live on strong sales or great products alone, they need cash to survive. Have you ever heard or known of companies that have failed because they had a great product but just literally ran out of money to fore fill all the orders. Over trading is more common than you think, factoring your sales ledger stops this from happening.

Risk Free Quotes and Advice On The Best Way To Factor Your Invoices.

One size does not fit all, because each and every business is unique in its own way its very important that you receive tailored advice. The  Enable Invoice Finance team have dedicated and impartial business advisor that spend the time to get to know your business and come up with the most suitable and effective ways to factoring your invoices.

To receive a free quotation or just have a chat to see if invoice factoring is right for your business either enquire on-line or call 0845 070 20 50

If run a construction company or are involved in the construction sector the chances are you are working under some form of JCT contract, issuing payment requests and or your invoices being subject to retention(s). Operating in this environment can sometimes create cash flow issue that with the right kind of funding partner would be immediately resolved… That where Enable Finance can help

We’re here to help fund your business.

Who we support:

• Small and Medium Sized Construction Companies (Limited, Sole Traders or Partnerships).
• Trading within the commercial, local authority or government sectors.
• Turnover around £200k – £10m per annum.
• Funding requirements of between £25K and £2.5m
• Operating as a sub &/or main contractor under contracts and/or orders

Our fast track Invoice Factoring facility offers:

• Recourse or Non Recourse, with or without bad debt protection, or Selective Invoices (non recourse)
• Disclosed Invoice Factoring or Confidential Invoice Discounting
• A Specialist Bad Debt Protection policy which covers contractual debt
• Up to 70% Net Invoice Advance Rate
• Flexible funding against contract receivables including applications for payment
• Complimentary to, or replacing existing banking facilities
• Dedicated specialist construction management unit
• Internal Quantity Surveyor Resource

Businesses we have provided Invoice Factoring Facilities for in the Construction Industry

• Refurbishment Contractor
• Construction Firm Main Contractor
• Ground & Earthwork Contractor
• Painting & Decorating Contractor with financial difficulties and in CVA
• Plastering Contractor
• Civil Engineering Contractor
  

To Discuss your Construction Finance Needs and Obtain Risk Free Quotes Click here

The survey showed 27 per cent of responding businesses are waiting more than two months for payment. This was an increase of two per cent on a corresponding survey conducted nine months ago.

The number of businesses having to wait more than 70 days for payment had also risen by five per cent. Other challenging business tasks cited by the SME respondents included settling supplier payments on time (14 per cent), paying VAT/PAYE (13 per cent) and planning capital expenditure (12 per cent).

Cash Flow Squeeze

When customers are looking for longer credit terms and suppliers are wanting shorter payment terms the businesses in the middle suffer from a classic Cash Flow Squeeze resolving this dilemma is often the secret to your business success.

Sales Finance Could Resolve Your Cash Flow Squeeze

With the right kind of sales finance in place you can often satisfy your customers requirements and thus win more business while at the same time have sufficient cash flow within the business to pay your trade suppliers on time and in some cases ahead of time often allowing your to negotiate discounts for prompt or early payment.

For more information on Sales Finance including, Invoice Factoring and Discounting or International Trade Finance can help your business grow and resolve your cash flow squeeze please call Phillip Evans direct on 0797 0500 425 or follow the links provided