Factoring Solutions wins prestigious award

Factoring Solutions is pleased to announce that have been awarded “Finest in Specialised Factoring Brokerage” which is an exclusive award from Corporate Vision who launched “The European Business Awards to shine a spotlight on the ongoing work of companies of all sizes and within all sectors across the UK and Europe.” Corporate Vision stated that […]

Posted in October 2016

Factoring charges with cashback

A rather novel factoring facility is being launched next week designed with simplicity in mind as well as complete transparency of factoring charges. There will be no documentation or setup charges, no BACS charges, no online charges, no annual minimum costs and no interest charges with just one charge for factoring commissions being levied but […]

Posted in June 2015

Tungsten Corporation buying/becoming a full UK bank

So What’s the Big Deal with Tungsten Corporation becoming a UK Bank? When famed London investor Edmund Truell and his brother, Danny (Wellcome Trust Investment head) started their company, Tungsten Corporation, they had plans to change the way businesses deal with their supply chains. Now, with recent news of them purchasing a bank and plans […]

Posted in August 2014

The Brumark Ruling

Factoring and the Brumark ruling Prior to 2001 the banks grudgingly lent on overdraft to the SME sector, safe in the knowledge that their fixed & floating charge placed them near the top of the pile in the event of receivership or liquidation as the proceeds from the outstanding debts would be payable to the […]

Posted in February 2014

Factoring company defrauded by client

There was an interesting article in a North West regional newspaper this week about a couple of company directors who have been banned from running a company after being caught out defrauding a factoring company. Textile Company raised Fraudulent Invoices Administrators were appointed to the textile company two years ago and it would appear that […]

Posted in February 2014

Factoring and invoice finance breaking records

Invoice Finance Figures for the third quarter of the year show that companies using factoring and invoice discounting facilities generated sales of more than £71bn which is the strongest ever quarterly performance and a 14% increase on the same period last year.

Posted in February 2014