Stephensons specialise in providing legal advice on a range of invoice finance related areas including disclosed factoring, confidential invoice discounting and asset based lending. Our specialist teams work with business owners to manage cash flow and improve cost efficiencies reducing the risk of debt and supporting growth and expansion.
Invoice financing
Invoice financing frees up capital, can offer businesses protection against late payment and saves time and money which can be wasted chasing bad debts. Freeing up available capital leaves business owners more time to focus on growth and expansion plans. Our debt collection solicitors offer a free initial telephone consultation and if necessary, a visit to your premises to discuss how our business debt recovery service can work for your company. For volume business debt recovery instructions, we have a secure online service that allows you to monitor and report on any debt at your convenience.
Invoice financing is one of the fastest growing solutions for businesses which require a cash injection or a smarter way to manage cash flow. Factoring - involves the invoice finance company buying your debt and collecting it from your customers. This should give your business a cash flow boost however your customers will be aware you have this facility in place.
Invoice discounting is similar to factoring save that the arrangement is not normally disclosed. Customers will not be aware an invoice discounting solution is being. We work with finance companies and SME’s across all sectors and support our clients through the challenging markets, building strong relationships and minimising risks.
Our experience in the insolvency sector allows us to recognise the warning signs for struggling businesses and act on these as early as possible. This will ensure you have more options available to you.
Our insolvency law team provide confidential, objective advice where our goal is to maximise recovery, turn your business around, retain its value and avoid formal insolvency action. To speak to a member of our team call us on 01616 966 229.