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


Gener8 Finance Ltd £12.6 million 23 clients £548,000 pa £26,000 £78 million 77 clients £1.0 million pa £63,000 £90 million £5.4 million 100 clients 12 8.3/1 David Richards


It is said that old factors never die: they are always looking out for the fresh air. A relatively recent start-up with a blend of a second time around entrepreneur and some youthful veterans run a seasoned operation here. An ambitious and fast-growing smaller invoice financier and an ideal home for like minded small companies. Sales financed grew by 103% in 2010 and it looks like another big stride forward in 2011. Wantage-based, the small team has a depth of business finance experience to offer and is open to enquiries, however informal they may initially be.


A polished sales team is a feature here. Call 0845 812 8808. www.gener8finance.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 20 June 2011 Hitachi Capital Invoice Finance £244 million 310 clients £787,000 pa £70,000 Steve Smith £135 million 50 clients £2.7 million pa £152,000 £379 million £29 million 360 clients 38 9.5/1 Call 0800 110 5005. www.hitachicapital.co.uk/factoring Business Money – RSM Tenon


One of the features of the many companies offering invoice finance is the range of famous names that crop up that have made their reputation in other fields of commerce and industry. More will follow as the ones already here have mostly distinguished themselves, good names need protecting and this could be an influence in choosing a finance partner. Whilst clearly holding some good discounting accounts you may find that factoring is strongly favoured here, especially for accounts requiring some flexibility and lateral thought. Run by a canny cost accountant, clients are chosen carefully here though the management is not virginal in its approach and will take a robust view of a good business risk.


A famous name in business finance in the hard asset arena, the invoice finance business is now making great strides in building a business worthy of the name of its owner.


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