Recourse Factoring

Updated: 14th February 2007 (AM)

Turnover: £600k

Established around 18 months, our client was experiencing a period of rapid growth, and had recently taken on several new haulage contracts to Europe and the US. Their customers were not bad payers, but they wanted assistance with collections, and a boost to cashflow. Factoring provided the solution to all of their requirements. Debt turn has improved, and they no longer struggle for working capital.

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