Case Study 19 – Factoring Companies setting Low Credit Limits

Factoring case studies – Low Credit Limits in Factoring We were approached by a software company that had not been trading long and having made the initial sales to one of their newly appointed distributors in Europe had just signed up with one of the major factoring companies.

Posted in February 2014

Case Study 18 – Construction Industry

Financing for construction industry A company in the construction industry approached us to source factoring or invoice discounting for them. The company was turning over £5m and had been self funding to date but was forecasting significant growth to be coming from larger contracts that they had won which they thought might be difficult to fund […]

Posted in February 2014

Case Study 16 – factoring with the wrong factoring company can have painful consequences

The Wrong Factoring Company We have two contrasting case histories that show how careful one must be to join up with the right factoring company as despite the assumption to the casual observer that all factors offer the same thing, that couldn’t be farther from the truth and making a mistake could have painful financial […]

Posted in February 2014

Case Study 17 – factoring and credit insurance through the same company

Factoring and Credit Insurance with the Same Company isn’t Always the ideal Solution We were approached by a company with 80% of it’s £7.5m annual turnover to one customer. Whilst all factoring companies like to see a spread of customers there are some that will consider what is ostensibly a single debtor situation, subject to […]

Posted in February 2014

Case Study 15 – factoring and credit insurance

Factoring and Credit Insurance The company banked with HSBC so took what they assumed to be the logical step of approaching their factoring division first of all who offered them a non recourse (insured) facility but then completely negated the value of the credit insurance element by refusing any insurance cover on their major customer […]

Posted in February 2014

Case Study 14 – factoring facility limits can be used to stifle growth

Factoring Limits An importer and distributor of furniture had been trading successfully for three years, the last two of which had been with the factoring subsidiary of a well known high street bank. Turnover had grown year on year and last year’s turnover of £1m was forecast to increase by 50% to £1.5m in the […]

Posted in February 2014