Liquidation domino effect
We have heard that firms entering compulsory liquidation owed a total of at least £887m over the past year, according to accounting service CreditPal. Some 16% of businesses entering into compulsory liquidation do so as a result of bad debt and the knock-on effect of the failure of another company. Take steps to protect your business interests.
Cash flow improvement through invoice finance
It may be stating the obvious, but the number one reason for using invoice finance is to generate immediate cash (up to 90% of invoice value) to pay wages, tax bills, suppliers etc.
This means happy employees, discounts from suppliers and, most importantly, a lot less stress for the business owner.
In addition, a business which is already trading (as opposed to a start-up) can release a lump sum cash injection from its current sales ledger. Start an application now