Access to Finance in the UK

Invoice Finance requires less personal security... Results are less cashflow issues and less of your time spent chasing payments!

2011-06-15T06:36:00.000-07:00

It's not unusual for a Bank to ask for additional security in support of an overdraft or loan. Indeed, there have been some high profile legal cases with married couples fighting to keep their homes from Bank repossession.

Personal guarantees for factoring tend to be more of an undertaking to comply with the spirit of the Agreement e.g. don't send invoices for work that hasn't been completed!

Factors are also able to offer bad debt protection to reduce the risk of a shortfall from insolvency or protracted default.

As the factoring company partners with the client to manage sales ledger collections they are able to work closer to their customers and take a more relaxed approach.

We are able to arrange factoring facilities for non-home owners, start ups and challenging situations without additional security.
Interested?

Please contact us today to discuss further how we can assist your business

Factoring and Finance Consultancy services from AJ Martin & Co. Ltd
www.factoringandfinance.co.uk
Tel 0845 643 4722

We all check our car insurance renewal for the best deal each year but who bothers to look at the cost of borrowing?

2011-06-15T06:18:00.000-07:00

In the current climate too many business owners are grateful to have a facility with their Bank and the concept of challenging the cost is a no go.
That's fine for an overdraft or loan, if you have a facility you should hang onto it! But what about factoring agreements?
They tend to be written around a 12 month term so the ability to switch to a cheaper or better facility is a whole lot easier.
In our experience, Bank factoring agreements signed in early years of trading can be expensive as the customer may not have compared quotes.
Quite often the facility would have been written around projected sales that may have been exceeded or possibly not met. Either way, some fine tuning will be necessary.

Invoice Finance and Invoice Discounting Brokers are able to offer a simple comparison facility over the phone.

2011-06-07T07:10:00.000-07:00

1 minute business finance health check
Do you recognise any of the following signs within your business:

1. Increasing age of debtors/ creditors (Significant debtor balances aged over 90 days)?
2. Goods are delivered on a proforma or cash on delivery basis?
3. Increasing pressure from banks and finance houses to restructure or reduce facilities?
4. Late management and statutory reporting?
5. Insufficient or inaccurate data about product profitability?
6. Credit limits exceeded?
7. Arrears to Inland Revenue or Customs & Excise?
8. Delays in invoicing?
9. Difficulty in employing/keeping the right staff.
10. Started a new business and do not understand the basics of accounting/financial management? Need help?

If you answered 'yes' to any of these questions, consider filling out an enquiry form on the 'contact us' page on our website or simply send a mail to andrew@ajmartinco.com. All information will be kept confidential.

Using The Factoring Services For Your Business Financing Requirements

2011-02-06T06:44:00.000-08:00

Doing business within a competitive atmosphere is really tough for today’s small business owners. Among the many worst challenges that a business owner encounters on a day to day basis could be the job of reserving working capital for the business. Business loans from banks are not surprisingly easy to acquire and many business owners think that these conventional strategies for organizing for money situation are really high-risk and bothersome.

In that situation, the best solution for an enterprise owner could be to reap the benefits of factor solutions which provide a perfect option to business owners’ demands. A factoring company can provide an organization owner with financing for the receivables and the best part is that they don’t take into account the credit history of the business owners.

It is important to be aware that account receivable factoring or factoring loan is not similar to a conventional financial loan. It’s simply a shift of assets (account receivables) to some invoice discounting enterprise. Whilst banking institutions can spend several weeks to approve even a tiny amount of bank loan, a factoring company can support the company in converting its assets to money within few days. In reality, it’s simply an advance payment of the money that’s supposed to be paid to the enterprise.

Any kind of company can make use of the services of factoring companies. Differing types and sizing of organizations make use of invoice discounting solutions. By getting money against receivables, the enterprise entrepreneurs can easily manage their own working capital and utilize the cash to pay their costs as well as other commitments punctually.

The charges for these kinds of type of offerings may also be really nominal when compared with traditional financial products. The cost for invoice discounting service is generally a certain percentage of the total account receivable included. An additional main advantage of the factoring service is that it’ll free the enterprise entrepreneur from the issue of collecting their receivables. The factoring firm will be accountable for the collection process. As a result, a business entrepreneur could divert their focus on some other vital aspects of business.

www.ajmartinco.com

Another Way to Finance your Company

2011-01-12T06:57:00.000-08:00

Why a Confidential Factoring Receivable And Invoice Finance Program Will Work For Your Firm

Are we right or wrong? We have always maintained that knowing something others don’t in business gives you an advantage, and we think you’ll see that advantage when we tell you about a confidential factoring program that works and why this type of invoice finance puts you head and shoulders above your competition.
You probably have heard that thousands of British firms have moved to invoice discounting as their primary finance vehicle. Unfortunately misinformation about this type of financing is everywhere, and we’ll show you how the advantages of receivable financing can be put to work immediately.
The real power of confidential invoice financing is the fact that you have the ability to bill and collect your own receivables. 99.9% of your competition won’t be able to do this, and it is that stigma along with their suppliers, employees, etc that your competitors can’t overcome.
Invoice financing works because as you grow your company the collection of cash doesn’t, unfortunately, match the amount of sales you are generating. Those customers of yours continue to pay you in 30, 60, and 90 days… like it or not.
Naturally we tell our clients they have the option of restricting their customer’s credit, holding shipments, and enforcing a strict collection policy – as you can imagine that is not their preferred solution – which is more often than not to extend more credit and be patient with their customers.
If you have an operating line of credit from a bank you could generally fund this working capital at a pretty decent cost – unfortunately small and medium sized business in Britain can’t always access this type of credit.
Enter a confidential factoring receivable and invoice finance program! When you utilize this type of financing you are generating all the short term borrowing you need, and, more importantly, you have the ability, unlike those competitors of yours to bill and collect your own receivables. Most receivable financing in Canada is actually done on a full notification basis – it works, but we don’t like it, because it involves notifying our clients, employees, etc as to how your firm is being financing. We prefer that to be our clients business, not the entire marketplace!
When you use confidential invoice financing you receive approx 90% of the invoice amount the day you generate the invoice. The balance is simply held back and remitted to you when your customer pays you – less the financing charges.
And hey, what about those financing charges – aren’t they high? We have some strong opinions on that, mainly due to misinformation that abounds on the cost of factoring. Confidential invoice factoring costs the same as regular financing in this manner, and we point out to clients that the charge is not dissimilar to carrying those accounts receivable for 60-90 days on your books. And making using of that cash to generate further sales and profits, enhance relationships with suppliers, etc, is a key benefit of this financing.
Speak to a trusted, credible and experienced British business financing advisor and learn how you can take a unique competitive lead via a confidential invoice finance program.

Another Way to Finance your Company

2010-09-10T23:41:00.001-07:00

Another way to finance a growing company
(without over-borrowing from the bank)

Banks will supply funds to a growing company by reviewing the business at set intervals. The time taken to put each package in place is time consuming on management and causes unacceptable delay. Necessary finance, therefore, is only effectively available in steps.

AJ Martin & Co. has devised growth plans based on revenue rather than stepped borrowing. Your business can then grow naturally rather than going cap in hand to the bank at every stage. This removes the need for tedious business plans and endless meeting. Just get on and run the business and let the capital take care of itself

The plans involve many currently available financial tools such as low price factoring and leasing, cash flow forecasting and some innovative thinking to bond them together.

This formula is adapted to every individual need and every size of company. If you have a desire to grow contact Andrew Martin on 01524 730573

Raise funds - Release potential - Retain Control – Rest Easy

Another Way to Finance your Company

2010-09-10T23:41:00.000-07:00

What is Invoice Discounting

2010-06-11T04:46:00.000-07:00

What is Invoice Discounting

Invoice discounting is a common finance tool or arrangement with a finance company or bank. It allows the bank to advance monies to a business against its debtors (customers) thus helping cash flow.

This very attractive option in financing your business is somewhat overlooked, however it is a safe, cost effective and fast way to insure that your company has a good and solid cash flow.

This could be an extremely viable funding option available to companies that provide a product or service on credit terms to their customers. The purpose of the finance is to give you access to immediate funds, without having to wait for the customer to pay the invoice. This is particularly beneficial to those of you who are in a growth period and committing more working capital to customer credit \ debtors.

The company lending you the money will agree that for all invoices raised you will have a certain percentage available of the value of the invoice at you disposal. You do not necessarily have to utlisie the full available amount (credit limit) immidiately but have the assurance that you can draw on the facility when needed.It can therefore act similar to an overdraft just with the added advantage that it is not directly influences by collateral as per bank requirements.

The process of getting a credit limit in place is actually very simple: The ‘factor’ (the lending company) is disclosed to all of your customers, with your customers paying the factor direct. The factor will collect all amounts due and offset this amount against your account. The balance of the invoice will be paid into your account, less the fee and interest.

Ring us anytime for help and advice +44 (0) 1524 730573 or skype a.j.martin.co

Raise Funds - Release Potential - Retain Control - Rest Easy

2009-06-09T09:05:00.000-07:00

Do you want to....

Improve your Cashflow
Reduce the cost of Funding
Reduce interference from your bank
Reduce Bank Charges
Reduce time spent on chasing debts

A J MARTIN & CO are Factoring and Finance brokers who offer tailor-made solutions to the individual needs of small and medium sized businesses.

www.ajmartinco.com
Skype a.j.martin.co
www.twitter.com/ajmartinco

I am on Twitter

2009-06-09T08:43:00.000-07:00

You can now follow me on Twitter also at www.twitter.com/ajmartinco

Factoring?????

2008-04-04T13:52:00.001-07:00

What is Factoring and how can businesses use it

Why use Invoice disocounting

2008-04-04T13:49:00.001-07:00