"When customers take 30, 60, or even 90 days to pay, the gap between completing work and receiving payment puts real pressure on cash flow. Invoice finance closes that gap - giving businesses access to the value of their unpaid invoices without waiting for customers to settle their accounts."
"Novuna Business Cash Flow is part of Mitsubishi HC Capital UK PLC, one of the UK's largest leasing and finance groups. Its proposition covers invoice factoring, invoice discounting, and selective invoice finance - the latter allowing businesses to finance individual invoices rather than their entire debtor book. Its invoice finance for small business proposition reflects the realities of smaller ledgers, including selective finance options that allow companies to dip in and out of the facility as cash flow needs dictate."
"Its invoice finance for small business proposition reflects the realities of smaller ledgers, including selective finance options that allow companies to dip in and out of the facility as cash flow needs dictate. Novuna Business Cash Flow also has a dedicated business loans arm, meaning clients can explore a broader range of solutions within the same relationship."
"Part of the Bibby Line Group (founded 1807), Bibby Financial Services was established in 1982 and is today the UK's largest independent invoice finance provider. It has dedicated teams for transport and logistics, recruitment, construction, and professional services, with construction finance capability bolstered by its acquisition of the Aldermore Working Capital Finance division in 2023."
Long payment terms create a cash flow gap between completing work and receiving payment. Invoice finance addresses this by providing access to the value of unpaid invoices without waiting for customers to settle accounts. The UK market includes multiple invoice finance options, ranging from large independent specialists to digital platforms and mutual-backed providers. Novuna Business Cash Flow, backed by Mitsubishi HC Capital UK PLC, offers invoice factoring, invoice discounting, and selective invoice finance that can finance individual invoices rather than an entire debtor book. It also provides a relationship-led approach and can support additional funding needs through a dedicated business loans arm. Bibby Financial Services is a major independent provider with sector-focused teams and expanded construction finance capability through an acquisition.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]