A guide to Recourse Factoring
Recourse factoring falls under the umbrella term of invoice financing. In this blog we will talk you through its key benefits, including credit control and sales ledger management.
For businesses, maintaining a healthy cash flow is paramount to sustainable growth. However, extended customer payment terms can create a significant cash flow gap, hindering the ability to seize opportunities and meet financial obligations. Recourse factoring is a valuable solution, enabling businesses to convert unpaid invoices: into working capital.
The Financial Challenges Facing Cleaning Companies
Commercial cleaning companies faced an increased workload over the past four years, and with it, the need for more cleaning staff. In a twist of fate, this additional business often puts a strain on the cleaning companies cashflow – having to spend out on extra expenses before the increased income begins to flow through.
Recourse Factoring with Outsourced Credit Control
Recourse factoring is a funding facility through which businesses can steady their cash flow fluctuations, improve working capital, grow sustainably, and benefit from outsourced credit control.
Predictions for UK Spending in January 2024
2023 was a complicated year for UK households and its businesses. Insolvencies stood at an all-time high; how do you think 2024 will take off? Let’s take a look into some predictions. The Office for Budget Responsibility (OBR) has forecast that UK household final consumption expenditure (HHFCE) will grow by 0.3% in the first quarter […]
Christmas Spending
Christmas spending is at the back of a lot of the public’s minds, especially because of present challenges. Food products claim 22 of the 25 highest price increases in 2023. In 2022 the average cost per head for Christmas dinner was £23.82 (from Tesco), what would Christmas be without the food? Then there’s the presents, it is estimated that the average person will spend approximately £600 on presents this year (2023), which is an increase of £180 on last year’s £420 spend.
Small Business Saturday: A Day to Celebrate Entrepreneurship
Small Business Saturday is a celebration of entrepreneurship, innovation, and the resilience of the human spirit. It is a testament to the power of collective action, and the strength of local communities….
Supporting Our Clients
Well, here we are again. Micheal Bublé has exited his cave, 6 different renditions of “All I want for Christmas” are playing back-to-back across every radio station, and businesses are packed fuller than children’s stockings on Christmas eve. There are just 7 weeks left until Christmas Day. Which leaves us with 8 weeks left of […]
Invoice Finance: Take Back The Power To Grow Your Female-Led Business
As a female-led business owner, you have no doubt encountered resistance from institutions when it comes to securing additional finance or loans.
You might say, it feels as if you’re still trapped in the 1950s when you’re trying to secure finance…
Female-led Business Owners Are Still Facing Inequality in the UK
Despite a rise in female-led businesses in recent years, female entrepreneurs continue to face significant challenges when it comes to accessing finance, networking opportunities, and securing customers. It seems that when it comes to business, it’s still very much a man’s world with only 1 in 3 UK entrepreneurs being female1.
The gender gap in UK entrepreneurship remains wide, and the disparities are even more pronounced when it comes to the availability of finance and other resources.
Who Is On Your Financial Team?
You can’t go it alone when it comes to your business finances. As a small business owner, you wear a lot of hats. You’re the CEO, the FD, and the HR manager all rolled into one. But when it comes to your finances, it’s important to have a team in place to help you make decisions and keep your business on track.
