Couriers
The Problem
Congestion problems, rising fuel costs, driver shortages and increasing agency rates makes the transport sector a difficult one to operate in.
We work with many businesses that operate within the sector and so we understand the issues you face. The past couple of years have certainly proved a challenging time, with the added complications presented by legislation like the Working Time Directive, which came into effect in August 2003. All of these issues impact on the day-to-day running of your business.
The Solution
We work with many businesses that operate in the transport sector and can offer many ways of helping your business grow.
Improving Cash Flow
Our service means that we can help you improve your cash flow by providing an immediate injection of cash against the value of your outstanding invoices. Then as you raise an invoice, we can release up to 85% of the value of that invoice within 24 hours. The remaining 15% is paid to you, less a small service fee, once we receive payment from your customer.
This means your business has access to an ongoing supply of cash linked to your sales. So as your business grows so does the amount of funding available to you. You can use this cash to put growth plans into action.
Access Your Funds When And How You Want
You can also choose to have a Bibby Purchase Card (at no additional cost), which means that you can use the funds we make available to make purchases as and when you want. All transactions made on your purchase card will be reported on your normal statement. Additional cards can also be made available for your team to cover fuel purchases, lunch, expenses etc.
Saving You Time
In addition to the cash that we provide, we can also save you valuable management time. Time better spent focusing on growing your business. We provide an optional sales ledger management service where we chase and collect outstanding invoice payments from your customers on your behalf, so that you have more time to concentrate on generating new business. We will prepare and send out statements, telephone all your customers, collect payments for you and maintain professional and detailed accounts of your transactions.
You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you.
Let Us Take Care Of The Admin So You Can Get On With Running Your Business.
We provide a range of business support services, which can remove the administrative burden on your business. From payroll, production of management accounts to VAT & PAYE calculation and payment we can help.
How Much Does It Cost?
Our services are tailored to your business so the fees will depend upon your specific needs.
There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.
