Invoice Factoring
Invoice factoring allows businesses to turn their unpaid invoices into immediate cash, helping them cover their expenses and operate smoothly without having to wait for their customers to pay.
It’s a way to improve cash flow and maintain a steady stream of money coming into the business. Instead of waiting for the customer to pay, the seller can sell their invoices to a factoring company.
The factoring company then pays the seller a portion of the invoice amount upfront, usually around 80% to 90% of the total value. The remaining amount, minus a fee, is paid to the seller once the customer settles the invoice with the factoring company.
Introduction to Invoice Factoring
Welcome to Growth Hive UK, your trusted partner for invoice factoring services. In today’s fast-paced business environment, managing cash flow is crucial for the success of any enterprise. Our invoice factoring solutions offer a flexible and efficient way to optimise your cash flow, ensuring that your business can thrive and grow. Whether you’re a small startup or an established company, we’re here to help you bridge the gap between your outstanding invoices and the funds you need to keep your operations running smoothly.
What is Invoice Factoring?
Invoice factoring, also known as accounts receivable factoring, is a financial solution that enables businesses to access immediate working capital by selling their outstanding invoices to a factoring company. Instead of waiting for customers to pay their invoices on net terms, you can receive a significant portion of the invoice amount upfront, typically within 24-48 hours, with the remainder paid once the customer settles the invoice. This arrangement allows you to improve your cash flow, manage your expenses, and reinvest in your business without the burden of waiting for payments.
Key Benefits of Our Invoice Factoring Services
Improved Cash Flow
Receive an immediate injection of funds to cover operational costs, payroll, and expansion opportunities.
No Debt Incurred
Factoring is not a loan, so you won’t accumulate debt on your balance sheet.
Quick and Hassle-Free
Calculating the tax relief and benefits you are entitled to under the Patent Box scheme can be intricate. We handle all the necessary financial calculations and provide you with a clear understanding of your potential tax savings.
Flexibility
Our professional grant writers craft compelling and persuasive proposals that not only meet the application criteria but also tell a compelling story about your project. We focus on clarity, conciseness, and compelling narratives to increase your chances of success.
Professional Collections
We handle the collection process, reducing the burden on your internal resources.
Who Can Benefit from Invoice Factoring?
Invoice factoring is an ideal solution for a wide range of businesses, including:
• Small and medium-sized enterprises (SMEs)
• Startups with limited credit history
• Companies experiencing rapid growth
• Businesses with seasonal fluctuations
• Those looking to seize new opportunities or fund expansions
Why Choose Growth Hive UK?
At Growth Hive UK, we’re committed to helping businesses of all sizes achieve their financial goals. Our team of experts has years of experience in the invoice factoring industry, and we understand the unique challenges you face. When you choose us, you’re choosing a partner dedicated to your success. Here’s why you should work with us:
Personalised Service: We tailor our services to meet your specific needs, ensuring that you receive the right financing solutions for your business.
Competitive Rates: Our rates are highly competitive, helping you maximise the benefits of invoice factoring.
Transparent and Fair Practices: We believe in honesty and transparency in all our interactions, so you can trust us to deliver what we promise.
Exceptional Customer Support: Our team is available to answer your questions and guide you through the entire process.
Contact Us
Ready to take control of your cash flow and unlock the potential of your business? Contact us today to discuss your invoice factoring needs. We look forward to helping you succeed.
Get in touch
We are inspired by helping innovative businesses grow. Regardless of whether you are a business or an adviser, we’d love the opportunity to talk and find out how we can help you.