Company
Factoring (continued) Types
SILVERBURN FINANCE (UK) LIMITED
76 Winter Hey Lane, Horwich, Bolton, Lancs BL6 7PQ 01204 669666
Website:
www.silverburnfinance.com Private company
SKIPTON BUSINESS FINANCE LIMITED The Bailey, Skipton, North Yorkshire BD23 1DN 0845 602 9354
Part of the Skipton Building Society Group Website:
www.skiptonbusinessfinance.co.uk
Member of ABFA SME INVOICE FINANCE LTD
Chertsey House, 56-58 Chertsey Street, Guildford GU1 4HL 01483 531100 Fax 01483 565488
Website:
www.smeif.com
Independent Company Member of ABFA STATE SECURITIES PLC
Burlington House, Botleigh Grange Office Campus, Grange Drive, Hedge End, Southampton SO30 2AF 01489 776250
Independent Company Member of ABFA and patron of NACFB TANDEM INVOICE FINANCE LTD
55 West Street, Chichester, West Sussex PO19 1RP 0845 618 8515/01243 520940
Website:
www.tandemuk.com Independent Company
Patron of NACFB ULTIMATE FINANCE GROUP PLC
Bradley Pavilions, Pear Tree Road, Bradley Stoke, Bristol BS32 0BQ
0845 251 3030 Ultimate Finance Birmingham Ultimate Finance Manchester Ultimate Finance Tunbridge Wells
Website:
www.ultimatefinance.co.uk AIM listed Member of ABFA and patron of NACFB
VENTURE FINANCE PLC
Sheencroft House, 10-12 Church Road, Haywards Heath, West Sussex RH16 3SN 0800 077 8547
Venture Finance Birmingham Venture Finance Cardiff Venture Finance Leeds
Venture Finance London Venture Finance Manchester Venture Finance Southampton
Website:
www.venture-finance.co.uk
Member of ABFA YORKSHIRE BANK
Invoice Finance,1st Floor Yorkshire Bank, 20 Merrion Way, Leeds LS2 8NZ 08457 697240
Part of National Australia Bank Group and a trading name of Clydesdale Bank Plc.
ABFA Asset Based Finance Association, Administration Office, 2nd Floor, Boston House, The Little Green, Richmond, Surrey TW9 1QE. Telephone 020 8332 9955 Fax 020 8332 2585. Website
www.abfa.org.uk FCI Factors Chain International, Keizersgracht 559, 1017 DR Amsterdam, The Netherlands Telephone +31-20-6270306 e-mail
fci@fci.nl Website
www.factors-chain.com NACFB National Association of Commercial Mortgage Brokers - for contact details see listing under Sources of Help for Businesses
Recourse and non-recourse
From start-up
Discounting charge and administration fee by negotiation No charge for same day transfers to any Clydesdale or Yorkshire Bank account
Bank packaged facilities and bad debt protection available. New businesses, acquisitions and MBOs considered. Web based real time system for client access
Domestic and export recourse and non-recourse
Start-ups and £100K Up to 90% of advance. Between 1.5% and 3% above Factoring, invoice discounting, including Fasttrack,
HSBC rate on outstanding monies advanced, plus from approach, Bad debt protection, Enterprise Finance 0.35% of annual turnover or fixed fee
Guarantee, import, export finance and pre-approved Venture Privilege. Asset based lending of up to £30m funding lines to assist growth, progressive refinancing and acquisitions. 9 offices nationwide and 24/7 online visibility
0845 251 8050 0845 251 5050
0845 251 4050 Recourse From start-up
Service charge of 0.5% to 2.5% on annual turnover. Up to 90% advance
Invoice discounting, asset finance, debtor protection, live client access, online service and exports
Spot factoring, Bulk factoring
Recourse From start-up
Service fees from £200pcm, with discount charge from 2% above base rate - flexible contract terms
Recourse From start-up
Up to 80% advance. Negotiable rates on service charge. Between 2% and 3% above base rate on outstanding monies
Client access online facility. Same day money service. Flexible sales ledger management and collection methods. Also offers invoice discounting
EFG Invoice Finance Scheme available together with asset finance. High levels of personal service, credit card collection facilities, increased funding available against additional security
Start-ups
and from £100K Maximum advance 90%. No service fees or ongoing charges
One fixed price per invoice levied on amount advanced. Selective Invoice discounting, short term flexible facilities
Confidential, recourse
Start-ups and £100K
Up to 90% advance - 1.25% to 3% above Barclays Bank Online services available. Flexible commercial base rate on monies advanced. Service charge 0.15% to 1.95%
underwriting Recourse
Approx Min
Client Turnover From
start-up
Charges
Between 3% and 4% of invoice value for average 60 days’ credit and pro rata for other terms. Up to 98% advance
Other Services None
110
READERS ARE REMINDED THAT BUSINESS MONEYFACTS IS COPYRIGHT
March 2012
FACTORING/INVOICE DISCOUNTING
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