Case Study Confidential Invoice Discounting For £15 Million Turnover Business
Turnover Requirements
We deal with all sizes of customers and have seen companies with turnovers ranging from single invoices of £5,000 to £250 million annual turnovers. In a recent case, we were asked to find a Confidential Invoice Discounting facility (CID) for a business with an annual turnover of £15,000,000 per annum.
CID
Confidential invoice discounting gives our customers finance against their unpaid sales invoices without the need to give up control of their credit control function. The arrangement is completely confidential such that debtors are unaware of the financing facility being in place.
Alternative Finance Quote
This particular customer already had a facility with a well-known invoice discounting group but after some restructuring changes, they decided to review their arrangement and look for a better deal. We found that for them in the form of a CID facility with a bank-backed invoice discounting company we're able to improve their terms.
