Invoice Financing in Scotland

Our Scottish Invoice Financing partners have been based in Glasgow for approximately 4 years, and the way they do things is different from their competitors. Whilst belonging to a large FTSE 150 company and being part of an Invoice Finance network across Britain, they work autonomously whereby everything they do for their Scottish clients is from their office in Glasgow – including administration, client management, credit control. Also all their decision making is done quickly because it is all done in-house.

Our partners offer a superb level of service because they are accessible and well known to their clients, and because they know them and their businesses well. With small portfolio sizes, a local approach, and consistency of staff who run the accounts, a close relationship is built with each client and with their customers. They have no call centres and do not farm out any of their operations elsewhere.

Clients are very satisfied and very few move to a competitor. With clients in locations from the Shetland Islands down to the English border, all are closely managed from their office in Glasgow. The Scotland region has a concentration of business in the central belt between Edinburgh and Glasgow, and surrounding areas, but also large business hubs around Stirling, Dundee and Aberdeen, especially on the back of the oil industry.

Clients vary in many respects – from start-up businesses to very well established large SME’s. Geographically, clients are spread widely throughout Scotland and they cover a wide range of business – recruitment, distribution, publicity, manufacturing, wholesale distribution, office supplies, couriers, care workers, the list is very long.

Our partner's team is very close and well experienced, drawing together their wider experience from the Invoice Finance industry.

Invoice Finance

• Allows you to unlock funds tied up in your outstanding sales ledger. You notify your invoice discounter of each invoice and you will be advanced you up to 90% within 24 hours
• They provide a complete credit control service where they chase your customers, send your statements and collect payment
• They don’t just collect your outstanding invoices faster (saving you money), they do it in a truly professional manner that protects the relationships you have with your customers
• Alleviates the administrative pressure, leaving you free to concentrate on running your business. They have one of the best credit control and collection services in the industry
• You can make your financial forecasts confident in the knowledge they're not dependent on uncertain payment dates
• On-line administration of your account

Combined Invoice Finance

Offering the same level of funding flexibility as Invoice Finance, Combined Invoice Finance is aimed at businesses with an existing Credit Control function where assistance with collections is not required.

Invoice Discounting – Disclosed and Confidential

This is ideal for SME's who already have an established finance team with robust credit management processes and don‘t require their administrative support.

With a disclosed facility, your customers are aware of our partners funding involvement through notification on your invoices, whereas with a confidential facility the arrangement remains confidential between your business and our partners and you are responsible for the maintenance of the sales ledger.

Selective Credit Protection

• Allows you to protect your business against the risk of customer non-payment, especially where you have large customer exposures
• Ensures your financial forecasts will remain unaffected by bad debts giving you peace of mind that your debts will be covered

Our partners offer one of the most flexible credit insurance products in the market. You can insure anything from a single debtor to a variety of top exposures rather than insuring your whole customer base. This not only minimises costs it also allows you to unlock funds from a greater proportion of your sales ledger.

All you need to do is simply identify those customers who you would like to insure either when you are signing up or let them know at a later stage once your facility is up and running.

Why Contact Us?

To begin with you’ll actually enjoy working with our Scottish invoice financing partners. They’re passionate about providing a friendly and personalised service based on empathy, trust, anticipating your needs and delivering on the promises they make. On time, every time.

They’re independent, so the solutions they come up with don’t have the restrictions associated with other types of financial organisations and they can provide a quick turnaround.

They’re local to you, so they understand exactly the environment you’re working in, and they make all decisions locally too. You’ll also have the confidence and peace of mind knowing that you can always meet with their experienced teams face to face.

They're autonomous; their fully operational regional centres ensure all their decision making can be done without the need to refer to head office. Their experienced teams in each office understand exactly the environment you’re working in.

They’re responsive. Because they take the time to understand your business, deals can be completed quickly and efficiently. They can ensure that the finance you need reaches you when you need it.

Industry seal of approval. They are an award winning Factor and Invoice Discounter with over 90% of all their new business comes from referrals from professionals outside their organisation.

98% of their clients recommend them. They're committed to keeping a high level of service. Their low ratio of clients to account manager enables their clients to have easy access to real people.

They’re experienced. From start-ups to buy outs, they've been on hand to assist. They're ready to meet with you and your client promptly.

And they’re geared for responding rapidly. Their offices are geared up to accommodate urgent requests for surveys – within 24 hours guaranteed. Credit decisions are taken locally too which, together with pre-prepared documents, means they can pay out within 24 hours. Deals are done fast and businesses can be quickly managed going forward.

Their flexible underwriting means they can factor many types of business from start-ups to phoenixes.

They have security of funding. With the confidence of a strong parent company, their financial strength and stability is ensured.

If you would like to know more about our range of corporate finance services, contact us today on 0845 838 0936 or drop us an email.