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The Christmas period is traditionally a booming time for most retailers however it is generally the time when many businesses in sectors such as manufacturing or services struggle to pay wages and bills.
As many businesses close down over Christmas and New Year the invoice collection cycle slows down. Fixed costs such as wages, rent, rates and VAT still need to be paid and many companies don’t have the finances to meet their commitments.
With many businesses becoming insolvent in January and February it is really important that you manage your cashflow now to avoid this. Factoring is the most popular form of Invoice Finance in the UK and is one way to ensure a healthy flow of cash within your business.
You can release up to 90% of the value of your invoices in cash almost immediately and avoid having to wait 30, 60 and sometimes up to 90 days for payment.
It’s really important to act now and not wait until next year when you are struggling. Take a look at our invoice finance and cashflow solutions, we can get you the best deals and most competitive rates on the market.
All our advice is completely free with no obligation so if you’d like to speak to one of our advisors CLICK HERE NOW for an instant call back.
"Target Business Assist have provided our business with a new invoice factoring system that has dramatically improved our cash-flow position and flexibility with our clients..."
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