Platinum Funding UK Ltd., a leading invoice finance company, provides a variety of financial products and factoring services primarily centered on the purchase of invoices, known as sales ledger finance or accounts receivable financing. Factoring companies, such as Platinum, successfully provide capital through debt factoring, thereby enabling their clients to meet the daily cash flow needs of a growing business while increasing efficiency and productivity. Invoice factoring serves as a strategic solution in that it provides an opportunity to secure immediate working capital, to increase purchasing power, and to improve the company’s bottom line, all of which facilitates growth.
Sales ledger management is at the core of a company’s success and vital to the daily operations of any business, at all stages in the life cycle. The sales ledger is the balance due from debtors on the current accounts and their promise to pay. The invoices of a business are traditionally due 30 to 60 days after invoicing. As a result, a company is constantly challenged to diligently manage customer accounts and leverage their cash flow. They must carry sufficient working capital in order to juggle payments by their customers with their own overhead expenses, including payroll, rent and taxes, all of which are typically paid on a more frequent basis. Sales ledger finance, often times referred to as accounts receivable financing, is an extremely flexible form of finance, which grows in line with the growth of the business. This funding offered by factoring companies is the perfect method to eliminate the delay and relieve the interim strain of balancing receivables and payables.
For a company, particularly in high-growth or reorganisation mode, often times, it faces the obstacle of having a limited availability to credit with their suppliers while striving to secure larger contracts and new customers. This creates a challenge to find an immediate solution for additional sources of capital. Through the alternative funding provided by factoring companies, specifically sales ledger finance, companies can increase their working capital and fulfill their positive growth in demand by customers for goods and services. The short-term funding needed to facilitate expansion or meet seasonal cash flow needs is not always readily available from traditional lending sources. For this reason, sales ledger finance offered by factoring companies becomes a useful strategy and lucrative tool. With invoice factoring, there is significantly less paperwork and financial background information required as compared to a bank loan. Also, turn-around times are significantly faster in the world of factoring finance, thus eliminating the lengthy and laborious re-application process. Platinum, an efficient and professional UK London invoice factoring company, can almost immediately provide initial funding through sales ledger finance within 3-5 business days.
Companies who do not have access to the traditional lending sources, such as banks or discounters, for example, must now search for alternative and creative financing solutions, which include factoring services, comprised of sales ledger finance and sales ledger management. In today’s financial world, there exists a large and, often, unanswered call to meet the capital needs of this generally overlooked segment of the business community. Unlike banks, factoring companies, such as Platinum, are not concerned, with the credit rating or balance sheets of our client. We are only concerned with the creditworthiness of our client’s customers.
Platinum, a full factoring company, has spent over 16 years satisfying the needs of this unique niche, specialising in debt factoring and invoice HYPERLINK "http://www.platinumfundinggroup.com/services/glossary.php"factoring, which is the purchase of the sales ledger. We successfully fund these growing and ambitious companies in need of cash and in need our factoring services.
Platinum Funding UK Ltd.’s sales ledger finance application process is simple and seamless for both our clients and their customers. A significant portion of the invoice amount is immediately paid to our client by Platinum upon purchase of the sales ledger, once confirmed and verified by their customer. The balance is then remitted minus our fees once we have fully collected on the total value of the receivable. Invoice finance eliminates the uncertainties and stresses associated with anxiously waiting 30, 60 or 90 days to collect the money owed by your customers. Platinum specialises in sales ledger finance, turning invoices into immediate cash, increasing our clients’ cash flow and strengthening their purchasing power.
Successful factoring companies, such as Platinum Funding UK Ltd., strive to provide the highest level of sales ledger management for our clients. We recognise how crucial it is to understand our client’s business plan. Operating as a successful invoice factoring company, Platinum is dedicated and focused on efficient sales ledger management of our clients’ invoices, which represent specific obligations arising from the sale of a product or the rendering of services in the ordinary course of our client’s business. The product or service must have been delivered or fully rendered, as applicable, and been accepted by our client’s customer without dispute, offset or other adjustment.
Sales ledger finance, commonly called invoice finance, provides a much needed financial resource to secure working capital without incurring additional debts or liabilities. Therefore, the balance sheet remains unaffected and the equity and ownership in the company will never be compromised.
Whether your business is established or a start-up, Platinum Funding UK Ltd., an invoice factoring company, provides the essential financial stability through our factoring services, including sales ledger management, to boost revenue and maximise efficiency. Companies look to Platinum to outsource all internal collections procedures and facilitate efficient turnover and sales ledger management.
As a UK London invoice factoring company, we attentively manage all aspects of the process from invoicing to collecting on your behalf, so your attention can be focused exclusively on the expansion of your business. Don’t want to spend any more time and frustration on invoice collections or energy arguing with your clients? Operating as a full factoring company, Platinum’s factoring services, which include our sales ledger management program, will help you preserve and strengthen your relationship with your customers.
As a leading invoice factoring UK provider and partner among factoring companies, we mitigate the hassle associated with a loss of capital through our diligent sales ledger management, which includes verifying your customer’s credit. Together, sales ledger management and sales ledger finance, also known as accounts receivable financing, result in an improvement with cash flow, an increase in efficiency with collections, a faster turnover of your sales ledger and a reduction in the number of days the invoice is outstanding.
For your convenience, we offer the added-value benefit of online account information. Whether you’re traveling or need financial information and assistance after business hours, your company’s confidential invoice finance information is only one click away. If you are an established business, or a new start-up company with exponential growth, you will profit from our comprehensive and experienced invoice factoring, debt factoring, and sales ledger management services. top
Platinum Funding UK Ltd., a full factoring company, can quickly and efficiently provide funding solutions to companies in turnaround situations that are evaluating the option to reorganise under Administration or a Company Voluntary Arrangement (CVA). Sales ledger finance, or invoice finance, provides a much needed immediate financial solution to effectively and successfully begin paying back creditors when a company reaches the point of insolvency.
By providing instantaneous working capital through invoice factoring and debt factoring, Platinum Funding UK Ltd. assists companies, ensuring they maintain operations and they get approval for a well-devised plan for reorganisation under a court-appointed supervisor.
Factoring companies offer a sensible interim solution during a company’s restructuring period until a more substantial and long-term strategy can be structured. Through sales ledger finance, also known as accounts receivable financing, Platinum turns invoices into cash, providing the required capital crucial to maintain operations and to begin to pay off debt. Platinum Funding UK Ltd. specialises in invoice factoring, which consists of receivable-based cash flow funding. We will work jointly with licensed insolvency practitioners and appointed CVA supervisors to offer an assortment of wide-ranging solutions to meet working capital requirements, both prior to and following post insolvency events.
As a UK London invoice factoring company, Platinum tailors an invoice finance program specifically suited to the business needs of its clients. We swiftly implement and successfully provide sales ledger finance and sales ledger management with an ability to fund within 3-5 business days. top
Platinum Funding UK Ltd., a leader among factoring companies, understands the cycle constraints that companies are confronted with, which is why we offer bridging finance options to support our clients during this time. Through sales ledger finance, also known as accounts receivable financing, we facilitate bridging finance and provide working capital on an interim basis to bridge the gap between the purchase of assets and the sale of goods, avoiding any interruption in the production-sale sequence. top
As an established full factoring company, Platinum recognises the great importance and value of securing government contracts and understands that these large contracts can also exhaust all your operating capital. As a government contractor, your business can benefit tremendously from the invoice factoring and debt factoring services offered by Platinum Funding UK Ltd.
Not so long ago, the British government had a Ban on Assignment (BOA) that prevented companies from assigning their government receivables to an invoice factoring company. In early 2008, the government removed this ban and now permits companies to work with factoring companies and greatly benefit from invoice finance and sales ledger management services. When reaching the decision to accelerate cash flow through sales ledger finance, sometimes referred to as accounts receivable factoring, you gain access to unlimited working capital through the creditworthiness of the public sector and government institutes. As a company operating in the world of factoring finance, Platinum provides sales ledger finance on all government receivables, thereby eliminating cash flow shortages in weekly payroll and fixed overhead, ultimately giving you the opportunity to win bids on large government contracts.
Platinum Funding UK Ltd. has the knowledge and extensive background to ensure the efficient turnover of government receivables through our unparalleled sales ledger management. Once you provide detailed information regarding your sales ledger, Platinum makes an immediate decision to provide invoice factoring services and to fund your government receivables in addition to all other creditworthy customers’ receivables. As a UK London invoice factoring company, Platinum handles all aspects of your invoice finance needs, including the collections and management of your sales ledger. Your business can continue to prosper and you can secure large government contracts, with the help of our factoring services, knowing you have the financial support from an invoice factoring UK company. top
Platinum Funding UK Ltd., a factoring finance company, delivers the essential funding through invoice factoring and debt factoring that is needed to give firms or investors the opportunity to acquire their target companies. The additional capital we provide as an invoice finance firm enables businesses to increase their productive assets, to cover operating expenses, to take advantage of trade discounts and bulk purchases, to restructure debt, to control seasonal cash flow fluctuations, to increase profit margins through greater sales volume and to enhance overall corporate growth.
Platinum, an experienced invoice factoring UK company, does not require clients to relinquish equity or give up control and ownership in the business. Unlike bank borrowing, Platinum's commercial finance facilities and factoring services, including, but not limited to, invoice finance and sales ledger management, allow businesses to obtain capital without necessarily having to pledge personal collateral. Factoring companies provide funding and liquidity without assuming additional debt and without necessitating forced cutbacks that might adversely affect growth and long-term goals. top
Early-stage, high-growth companies with limited capital can enormously benefit from our factoring services, such as debt factoring, invoice factoring and sales ledger management. We recognise the challenges associated with attaining capital and the financial support required for a young and ambitiously growing business. As an experienced and trusted UK London invoice factoring companies, such as Platinum, understand the struggle that exists for small companies to manage both internal cash flow shortages from paying staff and suppliers and fluctuations in receiving customer payments. For companies growing at an exponential rate, it is of utmost importance to be able to access funds immediately, with minimal requirements. The invoice factoring and debt factoring offered by factoring companies become a valuable and profitable tool to support this aggressive growth. Through sales ledger finance, commonly referred to as accounts receivable financing, Platinum Funding UK Ltd. turns your invoices into cash so your business can continue to flourish, to attain new levels, and to secure larger contracts. top
