Category Archives: News

Improvements Seen In SME Access to Finance Report

Adam Tyler, FIBA’s Executive Chairman, has recently pointed out that one third of SME’s are still unable to secure essential funding. As chairman and director of The Genesis Initiative, an SME lobbying group’s Access To Finance committee, Tyler put forward a survey and report last week in the House of Commons looking into how access can be improved to financing options for SMEs in the UK to an invited audience which included SME group heads,…

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Factoring Quotes Online

Factoring quotes obtained online are increasing in popularity but whether or not it’s a sensible method of finding a suitable factoring company is debatable and that is why Factoring Solutions as well as most other specialist factoring brokers don’t offer that facility for very good reasons. The cheapest factoring rates rarely come from the best factoring company and in too many cases can actually come from the worst. If factoring were simply the provision of…

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How to Start a Recruitment Company or Agency? A Step-by-Step Guide

A recruitment company or agency is an exciting business prospect with a lot of potential. That’s probably why you’re thinking of setting one up. Is it difficult? It can be. But if you follow these steps, it’ll make starting a recruitment agency a whole lot easier. Consider a niche A general recruitment business can work well, but in such a competitive industry, many start-ups find more success by focusing on a niche sector. The available…

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Is Factoring Halal or Haram?

There is some confusion in the UK and elsewhere in the world as to whether factoring is Halal, whether factoring is Haram and whether factoring is Sharia compliant. Much of this confusion comes down to the fact that in Islam, banking and financial activity must be done with the principles of Sharia. Therefore any financial product that complies with the principles of Sharia is Halal (permissible) and any financial product that does not comply with…

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5 Things You Might Not Know About Factoring

Factoring is one of the most popular and most effective ways of easing cash flow worries with businesses across the UK enjoying its many benefits. But there is still a lot of misinformation out there about factoring which means many businesses are unaware just how useful if can be. Here’s 5 things you may not know about factoring: Factoring Is Not a Loan One of the main misconceptions is that factoring is a loan as…

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When is it Time to Consider Invoice Factoring?

If you’re running a small to medium sized business then you’ll undoubtedly be aware that one of the key challenges is maintaining a healthy cashflow. Having control of the money coming into your business and what goes out of it is essential to helping your business thrive and if your cashflow struggles, it can have several negative effects on your business including:- Unable to settle invoices and owed monies: Poor cash flow management can result…

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Things You Didn’t Know About Invoice Discounting

Are you an SME or startup and would like a way to ease those occasional cash flow woes? Maybe you have heard about invoice discounting but have never really considered it because you weren’t too sure what it is? Here we take a look at 5 things you probably don’t know bout invoice discounting and how it could help your business. It’s Not Invoice Factoring One of the big misconceptions about invoice discounting is that…

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How Much do Factoring Companies Charge?

Factoring is one of the easiest and most effective ways of accessing finance for your business. However, even though it is more and more difficult to access more conventional types of finance through institutions such as banks, many companies still have not considered factoring as the answer to their cashflow worries and business growth plans. One of the sticking points is often not understanding how factoring companies charge for their services. This is understandable but…

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Ways To Avoid Cash Flow Problems In Business

One of the major mistakes that businesses make is to forget that profit is not the same as cash flow A business may generate a profit margin on paper and the business may be growing, but if all of the company’s money ends up getting tied up in stock or they end up unable to pay their payroll because they’re waiting for invoices to be paid, that profit means nothing. Cash Flow problems can kill…

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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 the award was made due to the work of Factoring Solutions in the finance sector being considered as exemplary Quoting…

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Want To Start A Recruitment Agency? 3 Questions You Need to Ask Yourself

We work with a multitude of new recruitment startups every year. Thankfully, most of these are started by former consultants who really understand the recruitment business as well as having a good knowledge of how their business is going to be funded and ran. Too many people though see recruitment as an easy way to make money, an easy business to set up and run. However, they soon realise that they are entering one of…

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How Does Factoring Affect Cashflow and Cash Management?

Life is tough for small businesses in the UK. The current financial climate means that small businesses are struggling more than ever before to access enough finances to help their businesses grow and flourish. It is especially frustrating for businesses who are doing well, who are creating work and who do have the capacity to grow but have to turn away work just because they cannot afford to offer suitable credit terms. Unfortunately, in the…

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Is Factoring Suitable For Startups?

Business finance for startups can be scarce which means even if your company is trading successfully, it can be difficult for you to grow your business. There is hope out there however for startups and that is thanks to a method of business finance known as factoring. Read on below to see just how factoring could be the boost that your business needs to grow. What is factoring? Put simply, factoring is where your company…

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Factoring for Dummies

Are you in business and would like to know more about different types of business finance? Have you heard of factoring and think it might be for you but you’re not quite sure of what it involves and whether it would be suitable for your business? Take a look at our ‘Factoring for Dummies’ guide below: What is factoring? In your business, do you sometimes have problems with cash flow? Do you find yourself with…

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Managing the Cash Flow of your Seasonal Business

Cash flow is crucial to the success of all businesses. But it is particularly important to small seasonal businesses as due to the fluctuating nature of their business, they need to be even more vigilant about managing cash. If you run a business that has seasonal highs and lows, take a look at the following steps you can take to ensure you keep a close eye on your cash flow and ensure you have enough…

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5 Reasons Recruitment Startups Fail

According to the latest figures from Companies House that were published in Recruitment International, 5110 new recruitment agencies launched in the UK during 2015, a huge 144% increase on the 2092 that were launched in 2012. However, whilst it is difficult to establish an exact figure on the number of recruitment startups that fail within their first two years, conservative estimates put the figure at about 80%, with at least 50% of those not even…

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Get Your Small Business Funded With Factoring [INFOGRAPHIC]

Traditional banking is picking up the pieces from the 2008 crisis and in 2015 it showed it’s first signs of improvement with banks promising to try and make amends to small businesses, who they have refused time and time again to provide adequate funding for. Statistics however show that 29% of the businesses who have applied for funding did not actually get the full amount they applied for and needed, AND, some have been forced…

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How to Improve the Cash Flow of your Small Business

Cash flow is undoubtedly the big killer of small businesses. No matter how ‘successful’ your company may be, if it hits cash flow problems it can soon see a rapid decline and even lead to its closure. If you have no money to spend, you can’t operate and your business will cease to function. However, there some simple ways to help ensure a healthy cash flow for your business: Establish a debt chasing process Some…

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Should your Business be Utilising Peer-to-Peer Loans?

Peer-2-peer (P2P) loans are one of a number of alternative ways for businesses to raise much needed finance. One of the more recent additions to the alternative finance market, is it a method that your business should be looking at? Below we take a look at what peer-to-peer lending is and discuss its advantages and disadvantages. What is P2P lending? Peer-to peer lending is a way for both individuals and businesses to raise finance. Its…

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Alternative Finance: Should your Business be Taking Advantage of it?

Are you looking to inject some cash into your business? It can be tough for businesses both existing and new to access finance these days, especially from the banks. This has seen a rise in so-called ‘alternative lending’. It’s a term that’s becoming more and more popular, but what is it? And more importantly, is it something your business should be taking advantage of? Take a look at our quick guide to some of the…

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