Time to find invoice finance companies South East
Are you taking the time to find invoice finance companies South East? The South East of England is described as “A region of many contrasts, and exciting history”. This area is highly populated, and includes some of the countries most cherished locations, such as: Brighton, Canterbury, and the New Forest. With a dense population, comes the demand for a high number of businesses, and of course an open market for new business adventures.
However, a quarterly survey carried by Institute of Chartered Accountants in England and Wales (ICAEW) “The National Business Confidence Survey” found that whilst business confidence within the South East is growing – this area remains behind compared to the rest of the nation.
Some key points from the survey are (are based on the period 15 January to 22 March 2024):
- The South East experienced higher input price inflation than the national average but businesses anticipate these will return near to the historical norm. Salary growth may have peaked, but businesses expect it to grow at a similar rate over the next 12 months and selling price inflation is expected to remain high too.
- Profits growth weakened further but is expected to exceed the historical average in the year ahead.
- Growth in capital investment spending was weak, with businesses planning to slow growth further. In contrast, companies anticipate raising their R&D budgets next year.
Insights into the South East
Continuing with information from within the released survey results, below are insights into the South East’s current landscape.
The UK is experiencing a decline in employment rates, this comes due to various factors ranging from high company insolvency rates, too hard to fill vacancy openings within certain sectors. However, this isn’t reflected within the South East. In the year to Q1 the South East employment rates have increased by 1.8%.
In the face of recent economic challenges, South East businesses have demonstrated resilience. A combination of rising costs and a complex economic climate impacted profit growth, which dipped throughout much of 2023. Nonetheless, there are signs of improvement. Year-on-year to Q1 2024, profits rose by 2.9%, exceeding the national average but falling short of the historical average for the region (3.3%). Forecasting ahead, South East businesses remain optimistic, with an anticipated profit increase of 4.8% in the next 12 months.
Where does invoice finance come into this?
Invoice finance is an alternative funding solution for businesses of all sizes. How does it tie in with current affairs for businesses in the South East?
- Strengthens profit growth.
- Enables access to working capital that otherwise wouldn’t be accessible.
- Can be used to fund recruitment process.
- Steadies out peaks and troughs of cash flow.
- Provides funding that grows alongside the business.
Invoice finance companies provide businesses with access to cash tied up in unpaid invoices. In doing so, the funding bridges the gap between issuing invoices and receiving customer payments, creating a naturally positive cash flow to support day-to-day business operations, growth initiatives, or even recruitment process.
Benefits for South East Businesses using Invoice Finance
Improved Cash Flow: Invoice finance unlocks the cash tied up in outstanding invoices, allowing you to meet operational expenses, invest in growth opportunities, and seize time-sensitive opportunities with confidence.
Enhanced Working Capital: By converting unpaid invoices into available cash, invoice finance bolsters working capital, providing greater financial flexibility to manage day-to-day operations and strategic investments.
Fuelling Business Growth: With a steady cash flow, businesses can invest in marketing initiatives, expand their product offerings, or explore new markets, ultimately aiding their growth trajectory.
Simplified Cash Flow Management: Invoice finance eliminates the uncertainties of waiting for customer payments. You receive upfront payment for your invoices, streamlining cash flow management and financial planning.
Partnership Invoice Finance: A Perfect Fit for South East Businesses
Not all Invoice finance companies Southeast operate in the same way. Before meeting with a provider, please consider the following:
- Are they a member of UK Finance?
- What do their clients testimonial say about them?
- Asking about hidden charges and associated costs.
Partnership Invoice Finance we are located in Paddock Wood, South East. Due to our frontline local positioning, we understand the unique challenges faced by South East businesses. We offer tailored invoice finance solutions designed to meet each businesses specific requirements and growth aspirations. Our team of professionals works closely with the business to understand its full financial spectrum, and provide a funding solution that is perfectly suited to the business.
- We are a full member of UK Finance.
- Here’s what our clients say about us.
- We present our fee structure upfront, with no hidden charges.
- Funding available between £20,000 and £1 Million.
Our services
Recourse factoring
Partnership Invoice Finance goes beyond just prepayment. We handle your entire sales ledger, from notification to collection. Our personalised approach ensures smooth cash flow through regular customer contact and meticulous attention to detail. We’ll keep you informed of any issues so you can focus on running your business.
Disclosed invoice discounting
We offer flexible funding with a shadow ledger, eliminating monthly reconciliations and delays. You’ll receive allocation of payments and access to real-time information through our online system, empowering you to make informed credit decisions. Together, we can unlock your business growth potential regardless of your credit score.
We welcome you to contact us to discuss our funding facilities.
