Protect your business from customer insolvency or prolonged payment.
Factoring with bad debt protection includes a flexible funding, collections and bad debt protection service that will provide your business with peace of mind.
The Problem
Businesses lose thousands each year as a result of bad debts which directly hits company performance.
The Solution
Bibby Financial Services provide specialist factoring and bad debt protection facilities to help UK businesses gain access to the cash their business needs whilst also protecting it from a potential bad debt, so you can be assured that your business does not run the risk of losing money caused by prolonged default of payment or customer insolvency.
In addition, your business also has access to an immediate and ongoing supply of cash provided against the value of your outstanding invoices. Our highly skilled credit controllers provide a comprehensive sales ledger management service, collecting outstanding invoice payment, maintaining up to date sales ledger information, helping to establish credit limits with existing and prospective customers and making claims.
Our facilities can be provided against your whole turnover or against selected debtors at very competitive rates.
If you are concerned about the effects a bad debt could have on your business and would like to find out more about the benefits this valuable protection could provide, give Bibby Financial Services a call to talk through the options available on 0800 919592.