Independent Debt Collectors. Support and advice on debt collection and bankruptcy ,
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Very few businesses can operate today without taking insolvency ,
advantage of the wide range of finance packages available Commercial Loans business
property residential care homes buy-to-let business startups investment property
What is Invoice Factoring? a method by which companies can borrow money on a
short term basis an arrangement that allows a business to realise immediately
the cash benefit of sales a bankrupcy
advice , popular form of short term cash flow financing A Factor will typically
pay up to 80% of the invoice value to the borrower with a balence (less fees)
being forwarded liquidation ,
once payment is received from the debtor. Why use Factoring? to prevent business
failure through lack of cashflow it offers a dynamic and flexible form of funding
to ensure that businesses can pay wages or creditors on time Factoring allows
business to have the cash available to fund the next order regardless of wether
or not payment has been received invoice
factoring , for the last order. Factoring
has been used in the UK for over 35years more than 25,000 UK businesses use
factoring, the majority with a turnover below £500,000 although by the end of
1999 there were over 800 businesses with a turnover in excess of £10m using
factoring. Some of the benefits of factoring outsourcing the credit collection
process mortgage rates , can reduce
staffing costs tighter credit control procedures can reduce the incidence of
bad debt may prevent the loss of sales due to lack of funds no annual fee or
management charges discounts may be obtained by paying suppliers promptly growth
financed by sales rather than external equity What is Asset
Finance ? a method of financing business assets by a secured
loans , credit or leasing facility an arrangement that leaves other lines
of credit intact for working capital security for the facility is taken on the
asset being purchased with the cost being spread over a period up to the useful
life of the equipment being purchased. Types of Asset Finance hire purchase
lease purchase contract purchase finance lease operating lease mortgages ,
contract hire sale and leaseback the facility you choose depends on your particular
needs. Consider your tax capacity and accounting needs, your cashflow and the
asset to be purchased. It is important to seek professional advice before making
the final decision. types of equipment suitable for asset finance cars light
and heavy commercial vehicles unspecialised, home
loans machinery plant IT hardware Benefits of Asset Finance the cost of
the asset can be linked to the income it generates a straightforward facility
to arrange the rental payments are agreed initially allowing simple cashflow
management asset finance is non-cancelable providing the agreement is maintained
correctly for more advice on commercial finance click here
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A Professional Approach to all aspects of Debt Collection
At Thorntons Collection Services we operate a
pro-active rather than a re-active method of collection. This means we don't just send a
letter and wait for the debtor to reply.
Our associates are fully trained and licensed in 'Door to Door' debt collecting
techniques and are very successful in obtaining payment (see the recent collections page),
thereby establishing a personal
approach. We monitor each case carefully and advise our clients on a regular basis.
Our charging system is based on each individual client's needs but are normally
structured on a NO COLLECTION - NO FEE basis.
Please use this web site to find out in more detail about the services
we offer, recent collections and how to contact
us.
Thorntons Collection Service
email: advice@thorntonscollect.co.uk
