Here at Skipton Business Finance, we understand that transport and logistics are not only a vital component of the UK’s economy, but also a growing sector and there has been a greater demand for effective and integrated transport/freight solutions. The transport and logistics sector enables efficient management of the supply chain by ensuring that goods or services are available where and when they are needed.
In a highly mobile, shrinking world, transport and logistics will only prove to become more important in helping a business run efficiently and profitably. The UK logistics industry is worth £75 billion to the UK economy and employs over 2 million people.
Challenges in the Industry
Logistics faces one major problem and will continue to do so for the foreseeable future and that is the price of oil. With the price of fuel now reaching record levels, and debtors taking longer and longer to pay, it is no wonder that companies in the industry can suffer from major cashflow problems.
Meeting weekly payroll obligations, paying creditors and the repair bills of various forms of vehicles are also additional factors which can result in very unpredictable and inconsistent cashflow cycles.
What SBF can do
Skipton Business Finance provide invoice finance facilities, such as factoring and invoice discounting that are specifically designed to work well with businesses suffering inconsistent cash flow. Whether you’re a haulier with a limited number of trucks that uses third-party logistics, or a large transport firm with its own distribution system, our facilities work on releasing cash for every invoice you raise which means that the facility grows in line with your business. No longer will you have to worry about approaching the bank and asking for more capital!
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 just like yours 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.
31% of factoring and invoice discounting clients can be found in the manufacturing industry (as of end of 2009).
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.
