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Introduction to factoring

Business Owner?

Would you like a large and quick boost to your cash flow?
Would you like to receive your money from outstanding invoices before they have been paid?
Would you like to reduce the time you spend on credit control?

What can factoring do for your business?

Factoring can release cash on your business invoices as soon as they are issued;
Factoring makes your cash flow more efficient;
Factoring aids payment collection.

Our factoring service at a glance:

Your business raises an invoice and sends a copy to us;
We can advance you up to 85% of the gross invoice value within 24-48 hours if you need it;
We send out statements and collect the cash previously invoiced;
We then pay you the rest of the balance minus our charge.

Whether your business is expanding or established, our factoring service offers flexibility and growth opportunities to your business.

Advantages of factoring

1) A large and quick boost to your cash flow

With Charterhouse Commercial Finance as your factor, cash can be made available to you within 24 - 48 hours of sending us your invoices;
A continuing source of working capital, you will get paid earlier, allowing you to:
- reduce your capital base requirements;
- take advantage of early payment discounts to suppliers and increase profit margins.

2) Reduce the time you spend on credit control

As your factor, Charterhouse Commercial Finance takes the responsibility of recovering debt and outstanding invoices, which will free up time to concentrate on your core business.

3) A more responsive alternative to business overdrafts and loans

Factoring is a competitive business and as such it is competitively priced It’s more than likely that overdrafts, loans and mortgages would cost you more time and money than our factoring fees and are less responsive.

4) Business credit rating is not an issue

Business credit rating is not an issue, you may qualify for factoring even if you are a young company. You may even be able to improve your credit rating and financial statements by using Charterhouse Commercial Finance.

5) Efficient handling of all your invoicing

Here at Charterhouse Commercial Finance, we will run a very efficient sales ledger for you. We provide a professional service that treats your customers as if they were our own;
Our extensive experience spans most industries that can factor and as a member of Charterhouse Group International, we are backed by a business that handles the invoicing of over £300 million per annum.

How factoring works

YOU RECEIVE AN ORDER

YOU DELIVER THE PRODUCT / SERVICES

YOU PRODUCE THE INVOICE AND SEND A COPY TO US

IF YOU REQUIRE FUNDS, WE TRANSFER THEM ELECTRONICALLY INTO YOUR ACCOUNT

WE SEND OUT STATEMENTS TO YOUR CUSTOMERS

WE COLLECT PAYMENT FROM YOUR CUSTOMERS

WE PAY YOU THE BALANCE MINUS OUR FEE

In its simplest form, factoring involves selling your invoices to us, in return we administer them for you and allow you to draw down funds against their value.

Is factoring for you?

Factoring can apply to any company that creates a business to business debt for their customers.

If you feel that you could benefit from:

A large and quick boost in cash flow;
Reduced capital base requirements;
Early payment discounts from your suppliers;
Increased profit margins;
Less time spent on credit control;
Improved business credit rating;
Improved financial statements;
Improved ledger management.

then please call 0870 243 1836.

Why choose us?

1) Our level of service

Charterhouse Commercial Finance offers a full bespoke factoring service which can be matched by few other companies in this market. Our service includes:

Collecting payments from customers;
Sales ledger and credit management;
Monthly statements to customers;
Pursuing late payers, including issuing court proceedings;
Regular reports direct to your desktop;
Optional extras include:

Credit approval of your customers;
Despatching your invoices to your customers;

2) 24 hour internet access for viewing account details

With a fully integrated and secure web platform we offer a state of the art solution, designed to save your time, increase your productivity, improve your access to information and enhance our communication with you.

3) Our experience

Our extensive experience spans most industries that can factor and as a member of Charterhouse Group International, we are backed by a business that handles the invoicing of over £400 million per annum.

Our factoring fees

No hidden fees

Our bespoke sales ledger management structure and credit control services are tailored to your business, so the fees will depend on your specific needs.

We have two types of fee:

1) A service fee for the provision of the service;

2) The cost for the money you use.

To find out more about our fee structure, please call 0870 243 1836.

About Us

Charterhouse Commercial Finance Plc, (CCF), can provide you with a range of automated business processes and financing options that are designed to bring about both business operating efficiencies and improve your cash flow. Enabling you to focus on the key tasks of business development, sales and management.

Charterhouse Group International has been involved in providing remuneration solutions to the recruitment industry since 1989 and, in offering this service, brings together core competencies in the design, management and fulfilment of business processes and financing.

Our extensive experience in working with recruitment companies and the support of over 300 staff enables us to tailor our services to the exact requirements of our clients. We focus on building business partner relationships with recruitment companies, helping you to focus on your strengths.

Our reputation as one of the leading suppliers of remuneration solutions is endorsed by the fact that all of the top 10 UK recruitment companies currently work with our services. *

(*Source: Recruitment International Top 100 Report 2005)

Contact Us

For further help or information contact us at:

Charterhouse Commercial Finance Plc
Oakfield House
35 Perrymount Rd
Haywards Heath
West Sussex
RH16 3BW

Tel: 0870 243 1836
Fax: 0870 243 1837

Email: sales@charterhousefactoring.com

Web: www.charterhousefactoring.com

You can find this guide at http://www.charterhousefactoring.com