Case Study Collections Support Publishing
This small publishing partnership were achieving sales of £130,000 per annum but the business was constrained by a nominal overdraft facility provided by it's bankers and they had problems managing their own invoice collection.
Working capital and collections support
The business was looking for a cost effective working capital solution as the existing overdraft was insufficient to meet their needs. The business also required someone to take over the onerous job of collecting their overdue invoices from an expanding customer base.
Factoring was the correct solution for this business but their own bankers were not able to provide such a facility to businesses within the publishing sector.
Cashflow Acceleration Ltd were able to successfully introduce the client to a factoring company that would provide both the additional working capital through factoring and a high quality invoice collection support service, at an affordable price.
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