Invoice Discounting
Can be from as little as 0.35% of turnover and interest between 2-3% above base with 90% of the money paid immediately on presentation of invoice and interest only charged until client pays up. Often a better and always cheaper option than factoring - as you retain control of payments and collection of debts, rather than paying a factoring company over the odds to provide those services.

Also found that offering a discounted rate for early payment helped - even with large organisations.

HTH
( Albert Marshmallow is a completely irredeemable cunt, Mon 12 May 2014, 15:18, 1 reply)

I call bullshit, it is Confidential Invoice Discounting. Rates of payout depend on the credit worthiness
of the customer and also whether your company is of good character. It is not a given that a company is given a CID facility. Note to small/medium/large business people - go with Handelsbanken and then you won't need silly facility agreements.
( d.r._and_quinch when will you be famous?, Mon 12 May 2014, 16:07, closed)

Company has made it past two years and I assume posted profits for that period. Clients include blue-chip high street retailers, a decent bank could have easily arranged a discounting facility.

Sounds like the OP had his fingers in the till, speccing up sports cars when he should have been making a sound case to the bank to arrange a discounting facility.

Also have struck many a 'time to pay' deal with HMRC to delay PAYE payments - though these days they're nigh on impossible to obtain.
( Albert Marshmallow is a completely irredeemable cunt, Mon 12 May 2014, 16:17, closed)

I wasn't really looking at sports cars.

( Fucking hell Jeff I am not a robot, Mon 12 May 2014, 16:18, closed)

two years, yeah the big players will be flocking to your door.

( d.r._and_quinch when will you be famous?, Mon 12 May 2014, 17:12, closed)

See also - length of trading history. Typically small businesses won't be eligible until they've been trading for longer than I had when I needed something like this.

( Fucking hell Jeff I am not a robot, Mon 12 May 2014, 16:17, closed)

That would be covered on character of the company. Only companies I know that get CID
are ones with a credible FD and truly epic rises in sales.
( d.r._and_quinch when will you be famous?, Mon 12 May 2014, 17:10, closed)

why are you even bothering ... it's billy bedroom bullshit
no matter how many holes you poke in his poorly googled twaddle, he'll just keep on keeping on
( Dr. Shambolic je suis charlie, Mon 12 May 2014, 16:46, closed)

I like it.

( d.r._and_quinch when will you be famous?, Mon 12 May 2014, 17:07, closed)

pervert

( Dr. Shambolic je suis charlie, Mon 12 May 2014, 18:15, closed)

Never a truer thing said on QofTW

( d.r._and_quinch when will you be famous?, Tue 13 May 2014, 10:48, closed)

Someone calls bullshit on a liemallow post?
I'm glad I was sitting down when I read that, otherwise the shock could've made me keel over...
(The Magic Number is neither magic nor a number, Tue 13 May 2014, 8:31, closed)

You obviously missed the point.

( d.r._and_quinch when will you be famous?, Tue 13 May 2014, 10:47, closed)