Invoice Discounting

Are your suppliers about to throw your business on the bonfire?

With the year end fast approaching, so looms the spectra of having to file last year's accounts.

Many SMEs may not have considered potential problems if they are about to file a less than impressive set of figures, with many assuming everyone is in the same boat.

Halloween may be here, but don’t let your overdraft renewal turn into a real nightmare!

There remains a lot of scepticism in the media about banks not supporting new lending propositions and failing to meet their lending targets.

But I believe we should have a little sympathy for these beleaguered institutions, who surely cannot be asked to lend good money after bad to the zombie companies or, in some cases, the dead and buried with no chance of revival, Halloween or not.

Cashflow Survival - What Every Director Should Know

At this current moment in time, the old adage “Sales is vanity, profit is sanity but cash is king” is probably more appropriate now than at any other time. Directors of SME’s throughout the UK really need to focus on the visibility of their cash position. 

Businesses don’t go bust because they make losses, they go bust because they run out of cash and so it is essential that directors keep their eyes firmly on their cashflow.

2011 ABFA report shows increasing value of invoice finance

The Asset Based Finance Association's (ABFA) annual report for 2011 has indicated how invoice finance is continuing to prove a vital source of external funding for UK enterprises.

Almost £250 billion worth of cash was funded to businesses across the UK throughout 2011, a rise of 7.6% on 2010.

Invoice discounting facilities continued to prove the most popular in terms of client numbers, with 17,695 companies benefitting from more than £200 billion in advances, an increase on 14% from last year.


Subscribe to Invoice Discounting