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FACTORING

THE SALE AT A DISCOUNT OF A COMPANIES RECEIVABLE ACCOUNTS


Positive 'Cash Flow' is the lifeblood of all businesses and without it they cannot survive for long. The high cost of management time for effective credit control can be a real disadvantage to a business and with customers generally taking longer to pay a business can be starved of cash to pay their staff, overheads and suppliers -There is an answer: "Factoring" - even a business with a poor credit history or with insufficient collateral can obtain working capital through factoring its book debts. The factoring company purchases a company's invoiced debts and instantly pays the business virtually the value of each outstanding debtor. Factoring allows easier access to working capital.
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