Here at Skipton Business Finance, we know that the Manufacturing Industry is the heartbeat of the country and that’s why the UK is now the sixth largest manufacturer by output in the world. The industry is enormous, employs approximately three million people and accounts for 15% of UK gross domestic product (GDP) and 55% of total exports.
Challenges in the Industry
Manufacturing hasn’t had it easy in recent years. The global economic slowdown, rising energy and materials costs have hit manufacturers hard and it doesn’t help when customers take 30, 60 or even 90 days to pay causing cash flow headaches
Meeting weekly payroll obligations, paying creditors and even surprise repair bills can also cause very unpredictable and inconsistent cash flow cycles.
What SBF can do
Skipton Business Finance is a pioneer in understanding the future potential of their clients and have enjoyed great success working with UK businesses that, when given access to additional working capital via business finance facilities such as factoring or invoice discounting, go on to flourish and reach their true potential.
How SBF do it
We strive to deliver fast, efficient and flexible invoice finance solutions, such as our flexible factoring or invoice discounting facilities that grow with your business giving you access to the capital you earn 24 hours after you raise an invoice.
In over ten years, we have funded businesses and given them access to funds that grow in line with their sales meaning that the solutions we provide are more flexible than a traditional bank overdraft.
This means that the factoring and invoice discounting facilities we provide are the fastest growing alternatives to a traditional bank overdraft.
By the end of 2010, there were 18,894 businesses with factoring facilities in the UK, making it the most popular invoice finance facility in the country.
Get in touch with us!
It’s easy to unlock the money you have tied up in unpaid invoices. Just call us on 0845 602 9354 and one of our award-winning team will be able to guide you through the process. Alternatively, fill in the quick quote form on the right.
