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Factoring

Factoring

Factoring is a service designed to boost your cash flow and remove the hassle of credit control. At Bespoke Commercial Finance, we work with you to secure the best factoring facility for you and your business.

The factoring companies we work with will extend credit to you based on your business needs and they will secure their funding against the book debts of your company.

Factoring offers a quick and easy solution to deal with slow-paying customers, provide working capital and the option to protect your business against bad debt losses.

Why Factoring?

When you raise an invoice, you will also need to send a copy to the factoring company. They will then transfer up to 90% of the invoice value within 24 hours, providing you with an instant cash injection.

Your factoring company will take charge of collecting the debt from your customer and once the remaining balance has been paid, you will be paid, minus their fees.

Working Capital

Fills any financial gaps allowing you to fulfill your expansion goals, meet your liabilities, and capitalise on lucrative business deals. As your business expands so will your factoring facility so there is no need to constantly renegotiate.

Credit responsibility

Unable to manage your credit effectively in-house? Your factoring company can pick up the responsibility of chasing customer payments so you can focus on your business. This leaves you free to concentrate on your business and you save on the cost of employing a credit controller.

Balance sheet

Factoring companies rely on the strength, credit worthiness, and spread of your customers whereas banks focus more on your financial information. This makes factoring ideal for many start-up businesses.

Testimonials

What our clients say

“I have worked with Bespoke for several years now and have built up a very trusting relationship with the team. They’re always professional, deal with customers very fairly and ensure they’re offered the most effective solutions to meet their needs. I have no reservations in dealing with Bespoke and their abilities to provide suitable solutions for customers.

— Scott Campbell

Head of Barclays Business Sales

I have recommended Bespoke’s services to a number of our clients, both that have existing factoring facilities and also to clients who are looking at their financing options. The service provided has always been exceptional and the feedback from these clients has been nothing but praise. I would therefore highly recommend the Bespoke team.

— Tim Pearce

Managing Partner, Haines Watts

We contacted Bespoke as we were looking for an invoice finance facility to support the business due to our fast growth. They didn’t disappoint! They gave us first-class advice and support and within a week had provided us with a choice of competitive funding options. Bespoke worked with us through the decision process and helped us secure a finance facility which was ideal for our business and offers the flexibility for future growth. A-first class service throughout.

— Paul Davison

Director, Nutraformis

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Please do not hesitate to get in touch. We look forward to hearing from you.