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| Many established businesses are well run and fundamentally sound, yet constantly suffer from a debilitating shortage of cash which can eventually lead to the breakdown of profitable trading.
Invoice Discounting solves this problem. You continue to receive your customer's payments and manage your sales ledger and credit control activities. Invoice Discounting will give you a prepayment facility against your invoices of up to 80% and the balance when your customers pay. |  |
The Benefits to you are:
- No more cash flow headaches, leaving you free to concentrate on growing your business.
- Receive cash on delivery but still give your customers the credit terms they have always enjoyed.
- Improve your return on capital invested.
The service costs are divided into two areas:
- Service charge and low interest loan.
- Most companies find the finance costs less than a normal overdraft.
- It depends entirely on your individual requirements and the workload involved.
- As a guide, the service charge for invoice discounting would be in the range 0.2% to 0.7% of annual turnover.
- The finance would be around 2% to 2.5% over base rate.
Why not call us today on: 01480 471615
you can email us at: info@angliancommercialfinance.co.uk
or use our online contact form
MANUFACTURING ACTIVITY The purchasing managers index of manufacturing activity fell to 54.3 in August, from 56.9 in July. Any figure over 50 indicates that activity is risingMORTGAGE LENDING The British Bankers Association said that the number of mortgages approved in July dropped to 33,698, 2.5% less than June.
EUROZONE INDUSTRIAL ORDERS Official figures showed that industrial orders in the eurozone rose month-on-month by 2.5% in June for a 22.6% annual gain.
BRITISH MANUFACTURING Production rose in July for the fourteenth consecutive month, adding to signs that the economic revival remains on track. The Markit/CIPS index slipped to 57.3 in July from 57.6 in June,well above the 50 mark that divides contraction from expansion. Manufacturers added to their workforce for a fourth consecutive month,while companies reported buoyant orders.
UK HOUSE PRICES The price of a home dropped by 0.5% in July after stalling in June, figures from Nationwide showed. This was the first decline in price since February, taking the value of an average home to £169,347.
UK CONSUMER CONFIDENCE The GFK/NOP gauge of confidence fell for the fifth consecutive month in July. The index dropped to -22 down from -19 in June, the lowest reading since last August.
PRODUCTIVITY Official figures showed that output per worker rose by 1.3% in the first quarter, compared with a year ago. The manufacuring sector showed a rise of 7.5% in output per job.
INFLATION Figures from the British Retail Consortium showed that shop price inflation fell to 1.5% in June from 1.8% in May. Food prices rose by 1.7% year on year, down from the 2.2% annual increase in May.
UK SERVICES Britains service sector grew at the slowest pace in 10 months in June. The Markit/CIPS services purchasing managers headline activity index fell to 54.4 in June from 55.4 in May, but remained above the 50 figure that seperates expansion from contraction.