Invoice Discounting Companies
 

Companies that use
Invoice Discounting

Will Invoice Discounting suit my business?

Invoice discounting is suitable for most businesses in the manufacturing, business services and distributive trade sectors in the UK selling goods and services to other businesses on normal credit terms.

Ideally you should have a turnover of £250,000. There is no upper limit.

Suitable Business Sectors

No company is excluded, even those making a trading loss. This is because the invoice discounting company's security is primarily your customers (through your invoices) as well as yourself.

As a result invoice discounting facilities are available to sole traders, partnerships, limited companies, Plc's, new start-ups and even businesses in an IVA or CVA plus phoenix situations. Paye and Vat arrears are also not usually a problem.

Which businesses are not suitable?

The problem areas are:

  • Long term contracts and retentions
  • Stage payments
  • Potential installation disputes
  • Maintenance contracts

Maintenance contracts can usually be overcome by putting them into a separate company and there are specialist trade financiers who might be able to help with the other problem areas. So, do not be put off. If you do not ask the answer is always no.

Business sectors that use invoice discounting

Companies that use factoringThe range of business sectors that use invoice discounting is increasing all the time. The following list represents some of the common industry sectors to which invoice discounting is suitable.

  • Advertising
  • Agencies
  • Agriculture
  • Business Services
  • Car Components
  • Chemicals
  • Computers
  • Confectionery
  • Construction
  • Consultancy
  • Consulting
  • Couriers
  • Distribution
  • Doctors, Dentist, Vets
  • Electronics
  • Engineering
  • Fashion
  • Food & Drink
  • Foundries
  • Furniture
  • Garden products
  • Giftware
  • Haulage
  • Legal Fees
  • Logistics
  • Medical
  • Metals
  • Packaging
  • Packaging
  • Painting Contractors
  • Paper
  • Pharmaceuticals
  • Pharmacies
  • Plant Hire
  • Plastics
  • Printing
  • Publishing
  • Recruitment
  • Shop fitting
  • Stationery
  • Stockholding
  • Telecoms
  • Textiles
  • Timber
  • Waste
  • Wholesalers

This list is not exhaustive, if your business is not listed please contact us to assess suitability.

About Nationwide Asset Finance Ltd | Contact

web design: imakewebsites