Non-Recourse Factoring

Improve Your Cash Flow And Save Management Time With The Added Bonus Of Peace Of Mind That You Will Get Paid

Non-Recourse Factoring - What Is It?

Our Non-Recourse Factoring 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.

Our added bad debt protection provides you with peace of mind that you will get paid even in the event of one of your customer’s insolvency or inability to pay.

In addition to the cash that we provide, we can also save you valuable management time. We provide a complete sales ledger management service where we chase and collect outstanding invoice payments from your customers, 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.

With our Non-Recourse Factoring service 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 members of your team to cover fuel purchases, lunch, expenses etc.

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.