Agency Factoring for a Property Maintenance Business: Case Study
Cashflow Acceleration Ltd were contacted by a property maintenance company who had just been declined for a business factoring facility by another factoring company due to the complex and semi-contractual nature of the work that they undertook and the fact that they had a CIS 4 certificate.
Business Factoring for a Property Maintenance Company
We managed to find a factor that would provide the company with an Agency Factoring (CHOCS) facility which not only released much needed working capital (doubling the level of funding that they were able to obtain from their bank through a traditional overdraft).
The facility also enabled them to continue to maintain a close relationship with their customers by allowing them to continue the credit control themselves.
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