5 Tips for Invoice Finance

Invoice Funding

Invoice finance and factoring are reliable solutions for obtaining funds for a developing business. However, one needs to understand the market before taking up any of these financing options, as there are several other options of funding available. Listed below are 5 tips that will help you in making informed decisions:

1. Save money on borrowing costs As a business owner you should only draw down funds that are required from the financier, as funds borrowed will attract an interest payment for the amount of time such funds are outstanding. 2. Confidential financing - factoring The choice of method depends on the finance team that a business has employed. In the event that there is a...

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Kautham's Top Tips for Exporting

Invoice Funding

Delving into a foreign market can open many lucrative pathways for your business but before you dive in head first, there are a few things that you should consider:

Know your potential market

Even though you’ve successfully traded in the UK, take some time to research and make sure there is a serviceable demand for your product abroad before you commit to any major investments. Investigate the competition and their prices, to make sure there is a gap for your business. Cultural differences between regions mean that some products that are big hitters here may not see the same popularity abroad – hopefully nothing a few modifications can’t fix!

How to sell

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The Christmas Crunch for SMEs

Invoice Funding

By Caroline Langron, Manager Director of Platform Black

The holidays are upon us and it’s a busy time for SMEs as we approach year end. With research showing that last year’s average cost of Christmas for these organisations hit upwards of £20,000, it’s easy to see why businesses could find themselves in a pinch.

Supply and demand

During this busy period, many businesses will be focusing on meeting customer demand, especially those offering retail or food products, for example.

All hands on deck

Recruitment and staffing is likely to be high on the list of priorities too, as the festive season calls for more hands on deck to manage increased demand....

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New UK Invoice Platform Emerges

Invoice Funding

A new online invoice finance solution has appeared on the UK’s alternative finance scene. Companies struggling with cash flows, while waiting for invoices to be paid, now have a new option by the name of Funding Invoice.

Founded by Aamar Aslam, a recent Warwick economics graduate, the recently launched platform matches small businesses with a network of potential investors, who can purchase invoices and provide up to 90 per cent of their value immediately. The rest of the money will be provided only when invoices have been paid and investors are charged a small fee whenever that happens. The platform is keen on highlighting that only investors are charged, while SMEs are not.

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Business Confidence Set to Nose-dive

Invoice Funding

Business confidence is expected to plummet to its lowest level since the beginning of 2014 according to new findings.

The Bibby Financial Services’ latest SME Confidence Tracker suggests that business owners are taking a cautious approach to capital expenditure, hiring and business growth.

The report shows that less than half (46%) of SMEs expect their business to grow, down from 64% in Q1 2014, when the survey began.

David Postings, Global Chief Executive of Bibby Financial Services, said:

“UK SMEs are sensing dark clouds on the economic horizon, which is translating into dampened expectations for growth in the final months of 2015.”

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New Furniture Business Sets about Preserving Success

Invoice Funding

How do you go about preserving established furniture brands when their owner wants to diversify in another direction? This was the challenge for newly formed Nathan Furniture Group as it sought to continue the success of H Morris & Co Limited.

Needing an inflow of working capital to help fund stock purchase, it created Morris Furniture Brands Limited who turned to business financier, Bibby Financial Services.

With an initial £400,000 funded against existing stock, the business has now secured long-term funding from Bibby made up of a £1.4m invoice discounting agreement and £500,000 in trade finance.

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Liverpool-based Car-care Manufacturer Reveals Ambitious Growth Plans

Invoice Funding

Turtle Wax, the global car-care product manufacturer based in the North West of England, is looking to grow aggressively across Europe, the Middle East and Africa (EMEA) with a new finance deal in place. The fast growing business plans to double its turnover in 5 years to over £30 million, with 15% dedicated to the UK and 85% to export.

Incorporated in Chicago in 1946, Turtle Wax remains a family-owned and operated business with sales in more than 90 countries.

The iconic brand started its European business in the 1950s followed by establishing a UK based company...

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3DD

Invoice Funding

Established 20 years ago, the 3DD Group produces TV programme series with a focus on music and the arts. Based in London, 3DD has built a reputation of delivering long running music series including Later with Jools Holland from the BBC.

Producing work for international buyers, such as Sky, the 3DD team saw lengthy payment terms that meant gaps in cashflow.

Jennifer Bentley, Finance Director commented:

"The main difficulty for 3DD before MarketInvoice was in the typing up of cash in sales contracts to cable and satellite channels, against paying production suppliers on standard terms."

Using MarketInvoice

Dominic Saville, 3DD's CEO, heard about MarketInvoice on BBC Radio 4's The Bottom Line and realised that selling invoices wo...

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MyPlanet Life

Invoice Funding

The MyPlanet LIFE team is behind a new social media software solution for business. The company has a 12 person team based in the UK and New Delhi, India.

Guy Flintham, CEO commented:

"We identified a clear gap in the emerging 'social media for business' market.

With zero budget initially, we built a prototype social media platform which quickly gained attention."

We secured initial angel investment and were able to turn MyPlanet LIFE from a project into a company.

Using MarketInvoice

Selling their software to large corporates, MyPlanet LIFE saw typical payment terms of 45 days.

Guy Flintham, CEO, read about MarketInvoice in The Sunday Times and quickly understood that the flexibility of usage...

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GapCap Closes £1m Equity Fundraise

Invoice Funding

One of the invoice finance sector’s more nascent players is gearing up for growth.

GapCap has been steadily building up a unique working capital solution for small businesses in the UK. The platform has now announced the successful closing of a £1m Series A funding round. Alex Fenton, Founder and CEO of the platform, dropped into AltFi HQ to tell us more.

The £1m round has been financed by a number of private investors, led by a group of established banking and debt finance professionals. This is the first time that GapCap has taken on a significant injection of equity capital. Mr. Fenton outlined how the money will be spent:

“The money will be used to crea...

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Platform Black hits £100 million funding milestone

Invoice Funding

 Platform Black today announced it has funded over £100 million in invoices for UK SMEs. The provider of alternative finance has reached this milestone in just three years since the company's inception, an achievement which highlights the soaring demand from UK businesses for access to sources of working capital.

"This significant milestone sees us join an exclusive club in the P2P lending space. We are one of only a few that have raised over £100 million, which is testament to the strength of our business,” said John Regan, director, Platform Black. “This benchmark demonstrates our commitment to supporting SMEs seeking...

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Times Square

Invoice Funding

A printing firm turned to Bibby in 2004.....find out how invoice finance helped Times Square in a number of aspects by watching the video below.

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Able Services

Invoice Funding

Able Services were introduced to Bibby Financial Services for invoice factoring which would predominately help with cash flow. Watch the video below to find out how Bibby solved the cash flow problem.

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MarketInvoice Blasts Past Half a Billion

Invoice Funding

By AltFi - for the original article, click here

MarketInvoice has now facilitated over £500 million in funding for high-growth UK businesses since its launch in 2011, passing the half billion milestone yesterday. According to AltFi Data, £187m of this funding has been provided in 2015, with the company boasting an 11.7% share of UK P2P lending market origination. In the course of facilitating this impressive sum of funding, MarketInvoice has provided over 8,000 loans to over 1,300 registered businesses. The average loan size is £60k and all invoices listed for sale on MarketInvoice have been funded in full, the vast majority within seconds of being lis...

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Accessorising a Giant – David and Goliath working together

Invoice Funding

Company Details

This client was a young company that specialises in designing and sourcing various fashion accessories and jewellery.

Testimonial

‘I was very cautious on using a factoring invoice company, however GapCap have certainly changed my mind, they explained everything in great detail, and excellent throughout. They impressed me through the whole setup and completely had my company’s interest at the forefront of their minds. Their services have ensured that my business can expand with the help of maintaining my cash flow, and for that I am very grateful. You also get a great af...

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GapCap Relieves the Burden of Cash Flow Issues Caused by Seasonal Order

Invoice Funding

Company Details

This client produces luxury lavender based cosmetic products.

Testimonial

"The service from GapCap has been excellent; they're exactly the partner we need as we grow into new markets and opportunities."

JM, MD of our client

Transaction Challenges

Our client, a producer of luxury based lavender cosmetic products, came to GapCap having received an abnormally large order from a large multinational. The size of the order and longer payment terms was impeding our client’s working capital reserves.

Transaction...

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Bad Clients, Who are they & How do you deal with them?

Invoice Funding

By Paddy Stafford, GapCap

SMEs tend to think about how to get their name out there, how to attract customers and how to sell their stuff. One thing they tend to forget, though, is that some customers – no matter how big – might be bad for business.

“We always say, be really, really careful about the businesses that routinely pay after what they’ve agreed to do, because they’re breaching their own terms and conditions and that’s just not good business practice,” says Martin Campbell, Managing Director of Ormsby Street.

“Sometimes it’s not worth doing the deal,” he adds. “Maybe you should fin...

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Safeguarding the Future for Alternative Finance

Invoice Funding

By Will Larwood, GapCap

As mentioned in GapCap’s previous blog “Shaking off the ‘Alternative’ tagline” one can clearly see that the alternative finance market is growing significantly, with growth continually doubling in size year on year since 2012 and predicted growth in 2015 to reach £4.4bn. This is fantastic news for small businesses as they are able to gain access to finance that is simpler and cheaper than that of a traditional bank loan. Yet as this market continues to grow, one must be wary that it could mutate into a younger model of the traditional lending methods that businesses, in particular SME’s have loathed. The ...

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Bibby Appoint New Global CEO

Invoice Funding

David Postings has been appointed as Global Chief Executive Officer for Bibby Financial Services (BFS), part of the 208-year-old Bibby Line Group.

Mr Postings – who joined BFS as UK CEO in April 2012 - took-over as interim-Global Chief Executive following the departure of Simon Featherstone in August.

With 37 years’ experience in financial services, Mr Postings has held senior roles at Lloyds TSB, Barclays and TTT Moneycorp. He will start his new role with immediate effect, heading up a global team of 1,300.

Sir Michael Bibby, Managing Director of the Bibby Line Group said: “I’m delighted to announce David’s permanent appointment as Global CEO of Bibby Financial Services.

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Bibby Expands in the East Midlands

Invoice Funding

Business funder, Bibby Financial Services (BFS), has announced the opening of its new East Midlands Business Centre in Leicester, including the expansion of its existing operations at Grove Park, Enderby.

The news comes as figures from BFS’ SME Confidence Tracker reveal improving confidence in the region, with over half of East Midlands-SMEs expecting sales growth and more than two-thirds planning to invest in the months ahead.

Sharon Wiltshire, Managing Director for Bibby Financial Services in the East Midlands says:

“The East Midlands is a hotbed of entrepreneurship and it’s evident that local businesses are confident about future prospects, which is fan...

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