Recruitment Finance for Permanent Placements

Recruitment Finance for Permanent Placements

Factoring companies have historically not been keen to offer factoring for recruitment companies and agencies whose sole income was derived from permanent placements, although they have looked more favourably on recruiters whose business was predominantly contractors or temporary workers with the occasional permanent placement thrown in for good measure. As with most things in the […]

Ban on Assignment Restrictions on Factoring to be Outlawed

Ban on Assignment Restrictions on Factoring to be Outlawed

It has long been a source of annoyance to both factoring companies and their clients that certain companies and institutions have a clause in their terms and conditions banning the assignment of any invoice rendered to them but it looks like this practice will be coming to an end shortly as the Small Business, Enterprise […]

Backup to the Cloud with Free 15GB from Microsoft

Backup to the Cloud with Free 15GB from Microsoft

Free Cloud Storage SMBs Should Take Advantage of No matter how much you have, there never seems to be quite enough storage. Movies, photos, music, documents and all the other facets of modern digitised life demand space and, regardless of how many hard drives you buy and how big that new laptop’s hard drive seems, […]

Calculating the Differences in Cost between Factoring vs Hiring a Credit Controller

Calculating the Differences in Cost between Factoring vs Hiring a Credit Controller

Reasons for Factoring For many businesses, especially those in the medium and smaller range of concerns, there is a continuous drive to make savings where possible whilst maintaining utmost quality of the products and/or services that the business offers. Sometimes, however, savings can come in unexpected forms. For example, businesses unfamiliar with factoring might assume […]

Cash Flow 101: Introduction to Managing Cash Flow Cycle

Cash Flow 101: Introduction to Managing Cash Flow Cycle

Managing Cash Flow Cycle – 101 In times of economic downturn, the importance of cash flow management comes into even sharper relief. When times are lean, accessing money from banks and other lenders becomes much harder. With heightened wariness of bad investments, lenders are not only more reticent to lend but also impose much harsher, […]

Tungsten Corporation buying/becoming a full UK bank

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 […]

Careers in Factoring

Careers in Factoring

Careers in Factoring – a look at the types of roles and employment forecast for them Many people think of a career in the financial industry as something only for graduates from the London School of Economics or Harvard, and involves great rewards for simply moving a few numbers around. The truth, however, is quite different. […]

Corporate Insolvency Procedures, or What to Expect if Things Go Wrong

Corporate Insolvency Procedures, or What to Expect if Things Go Wrong

Corporate Insolvency Procedures Whilst insolvency is something that no business ever wants to experience, it is vitally important to know just what the process entails. Many businesses and corporations have thought themselves ‘too big to fail’ and have subsequently failed. They then find themselves in an alien world with unfamiliar procedures and restrictions, wondering just […]

How Clever Use of Collateral Can Help Secure the Best Finance

How Clever Use of Collateral Can Help Secure the Best Finance

Financing Using Collateral Financing is easier to come by when the business has collateral with which to back the loan. This is one guarantee that the business gives as assurance that they can indeed cover the loan – through materials, receivables and other assets that hold value. This helps keep associated costs and interest as […]

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