Factoring and the Credit Crunch

Factoring and the Credit Crunch

Although it seems that the big bank owned factoring companies are feeling the pinch at the moment the level of enquiries being received by Factoring Solutions is still being maintained. It is traditional in times like this for the larger companies to tighten up their own liquidity by slowing down payments to suppliers and this in turn […]

Independent Factoring Brokers

Independent Factoring Brokers

Independent factoring brokers – or not I read on a fellow factoring broker’s blog a warning about the so called independent advice received from some brokers and giving a warning that not all brokers gave independent advice as the ownership of the broker might dictate that introductions be made to factoring companies that suit the […]

Sainsbury Helps the Factoring Industry

Sainsbury Helps the Factoring Industry

Sainsbury and their Payment Terms Sainsbury has been named and shamed by the Forum of Private Business for having increased all non-food supplier payment times from 30 to 75 days. The giant supermarket has joined other well known names such as Dell and Argos who have also changed their payment terms retrospectively. I guess that […]

Alliance Boots Screws it’s Suppliers

Alliance Boots Screws it’s Suppliers

The pharmaceutical retail giant with 3,000 stores in the UK has horrified it’s suppliers by writing to them all to change their payment terms to 75 days from the end of the month in which the goods have been delivered. This means that they could be taking credit of over three months for anything delivered […]

Factoring of Prescription Charges for Pharmacies

Factoring of Prescription Charges for Pharmacies

Factoring of Prescription Charges One of the more innovative factoring companies has a scheme specifically geared to the funding of prescription charges which should prove to be useful to pharmacists and healthcare professionals who have to wait quite a while for reimbursement from the Government. Funding is available up to 95% of invoice values.

The Perils of Non-Recourse Factoring

The Perils of Non-Recourse Factoring

Two reports in the same week concerning one of the well known high street bank owned factoring companies and their non recourse facilities. One of their factoring clients suffered a reasonably substantial five figure bad debt which was underwritten by the factoring company and as a result the factoring company reduced the credit limits on […]

Interesting Announcement on Factoring from FPB

Interesting Announcement on Factoring from FPB

It was recently announced that The Forum of Private Business (FPB) had concluded an agreement to introduce their members to Cattles Invoice Finance as they claim to have negotiated special discounted rates with them. One of the claims being made is that “the discounts we have negotiated with Cattles will save our members an average […]

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