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Email info@factor21.co.uk
Factor 21 plc
Factoring for the 21st Century

Factoring was conceived to help companies grasp bigger opportunities.

Factor 21 never forgets this.

Because cash-flow is one of the most dangerous and debilitating challenges for a business, factoring has become a vital tool – not just for survival but for development.

When a business has incurred the costs of purchasing materials and paying wages, it can be a step too far to wait 60, 90, even 120 days for payment.

For one thing, it’s difficult to measure the frustration of chasing invoices and listening to empty promises.

Equally as serious, low cash reserves can affect your relationship with suppliers or even stop you fulfilling new orders.

This is why more and more business owners are using factoring as an accepted element of their working capital funding, relying on the factor to manage the sales ledger and leaving them to concentrate their focus away from old debts and towards new business.

Recourse Factoring

Recourse factoring does not include credit insurance and therefore allows you the client (with our input) to decide at what level you want to do business with your customers.

The percentage of the invoice that can be advanced to you depends on the risk involved for example, which industry you work in and the concentration of customers and invoices.

Recourse Factoring, also called ‘invoice factoring’ or ‘accounts receivable financing’ is the commonest form of invoice finance and this is our business.

Your advisor is best placed to offer guidance on any cash-flow management solution.

If you don’t have an accountant or advisor yet, we strongly recommend that you talk to one now.