Financing

Beyond our administrative services, we have arranged through an exclusive selection of finance houses, preferential rates to finance your business. 

Margin Finance…

Our Margin Finance product delivers to you for a single fee, payroll, billing, credit control, finance and credit insurance.  On Thursday of every week we will pay to you the profit that you have made from placing your temp for that week.  We will be responsible to pay to HMRC the tax and National Insurance deducted from your temps together with employer’s National Insurance.  To simplify your cash flow management, we will build up a reserve of VAT from your invoice every week and pass it on to you when payment to HMRC becomes due.  This uncomplicated approach includes the cost of financing your business and credit protection and provides to start up businesses the peace of mind you need to focus on sales and growth.

Factoring…

Unlock the value of your invoices and eliminate the stress of credit control through factoring.  Factoring will usually provide your business with a greater level of funding than a traditional bank overdraft.  With no need to use personal assets as security, it is an efficient way to fund the expansion of your business and by adding Credit Protection to Factoring you can protect yourself 100% from bad debts.

Through this option, we will advise your factor, usually through their online portal, the value of the invoices, including VAT, which we have raised on your behalf. In most cases, 95% of the value of the invoices raised will be available to you in cash within hours.  Once payment of the invoice is recovered from your customers the balance of 5% is paid to you by the finance house.

Invoice Discounting…

If you are an established business with strong administrative procedures and effective credit control, invoice discounting might be the best financing solution for your business. Our partners will in this case advance up to 90% of the value of the sales invoices that we raised on your behalf and notify to them through their respective online system.   The involvement of our partners are not disclosed to your clients and you remain responsible for collecting your debts and administering your sales ledger

Credit Protection…

Credit Protection also known as Non Recourse Financing or Bad Debt Protection safeguards you against the potentially devastating effects of a loss caused by the Insolvency of one or more of your customers.  Once a debt is approved by your finance house, there is no recourse to you if your customer fails to pay its debt.