Factoring, Invoice Discounting and Trade Finance

UK Credit Insurance Specialists Ltd has had close working relationships with many of the leading invoice and trade finance companies for over 20 years. During this time, the expertise we have developed and the relationships forged have put us in an ideal position to find the right funding solution for your company. On the surface many of the products offered can look similar, however, it is important to understand the individual funder's strengths and weaknesses as well as their expertise in your particular sector. UK Credit Insurance Specialists’ knowledge of this market ensures you speak to the most appropriate companies for your business.

 Invoice Discounting
 Invoice Factoring
 Trade Finance

If you are interested in Invoice Finance, please Contact Us providing as much information as possible annd we will be able to help you.

Invoice Discounting
Invoice discounting allows you to release the value of funds tied up in invoices outstanding by converting your trade debts into cash. This is achieved by assigning the value of your trade debts, in return for between 75% and 90% of the total invoice value, receiving the balance, less service charges, when your customer pays.

Invoice discounting not only provides you with funding that grows in line with your sales, the facility can also be undisclosed to your customers through confidential invoice discounting (CID). You manage your own sales ledger, credit control and customer interface, with no mention of the funding relationship.

Invoice Factoring
Factoring has all the benefits of invoice discounting, in terms of its flexibility as a funding solution for your business.

In addition to these advantages, the funder also carries out your sales ledger management, performing all aspects of your credit control, using a team of professional credit controllers. As part of this service, they maintain all sales ledger records on your behalf and remit statements of account to your customers at each month end.

This facility can be tailored to suit your unique circumstances either as full service factoring, where you receive the full suite of services as outlined above or as a hybrid product, where you complete your own sales ledger management.

Trade Finance
Trade finance is the provision of finance to enable goods to be purchased in order to satisfy an order. Finance is provided by the trade financier to bridge the funding gap between purchase and sale.

Trade financiers specialise in helping companies achieve the growth that is so often in their potential but beyond the scope of traditional financiers i.e. banks. By paying your supplier direct or opening a letter of credit the trade financier can fund 80% to 100% of the cost of goods plus duty and VAT. Trade finance facilities are complimentary to your existing funding arrangements and enable you to take on additional business, which would otherwise be lost.