Paper Shredding Business - Factoring

Unimpressed by his banks rates, a Paper Shredding business was provided with a facility which would free up over £25k locked in unpaid invoices. Without the resources to chase these overdue invoices, the company found themselves in need of a solution to provide a steady flow of cash. The business removed themselves from credit control process altogether by outsourcing the credit control function to the lender. Turnover is expected to double as a result.