Year to, and as at, 31 December 2010 Factoring sales financed
Factoring accounts Average factoring client turnover Average factoring advance Discounting sales financed Discounting accounts Average discounting client turnover Average discounting advance Total sales financed Total advanced Total client accounts Personnel headcount Client/Personnel ratio
Fortis Commercial Finance £326 million 249 clients £1.3 million pa £12,000 £2.4 billion 64 clients £38 million pa £2.4 million £2.8 billion £159 million 313 clients 39 8/1 Tim Corbett
Even the bigger players in invoice finance set their stall out so that those looking to finance a proposition do not waste effort looking in the wrong direction. Fortis advertises its appetites clearly. If the deal is complex and especially if it has extensive overseas elements in its business, and it does not have to be huge either, then a discussion with Fortis might open doors you did not know existed. There is no great appetite to compete in the vanilla stakes for bog standard factoring or discounting where the price competition is fierce, sometimes suicidal. Fortis offers a premium service and it is noticeable that whilst factoring clients are relatively small, discounting clients are substantial and probably have major export or import connections.
Call 0800 515790.
www.fortiscomfin.com
Year to, and as at, 31 December 2010 Factoring sales financed
Factoring accounts Average factoring client turnover Average factoring advance Discounting sales financed Discounting accounts Average discounting client turnover Average discounting advance Total sales financed Total advanced Total client accounts Personnel headcount Client/Personnel ratio 18 June 2011 GE Capital £65 million 28 clients £2.3 million pa £72,000 £4.3 billion 500 clients £8.6 million pa £602,000 £4.4 billion £303 million 528 clients 130 4.1/1 John Jenkins Choose your company well is an old maxim.
If the front door here looks massive the welcome behind it reflects the fact that no proposition is too big, or too complex, or covers too many countries, to be considered. A commercial financial company that is part of a giant and well spread industrial conglomerate. This means that the finance teams can bring to bear a great weight of peer sector experience to help its clients in assessing performance levels and managing expectations. There is an extensive cross border capability here with brother and sister companies in various specialist areas of commercial finance placed all over the world to assist in structuring cost- effective, tax-effective and focused facilities to finance businesses with a worldwide franchise but UK-based, and primarily domestic, companies find much here too.
Call 0121 616 4380.
www.gecapital.co.uk Business Money – RSM Tenon
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