With over 80 factoring companies operating within the UK it is fair to say that costs do vary. However, the general pricing ethos is similar for most providers in that the greater the workload for the factoring company, the higher the fee.

For factoring, workload for the factoring company is determined by the number of invoices that your business generates combined with the number of your active customers. There will then be an adjustment to allow for the perceived risk in advancing the money to your business. This will give you the service charge which will be expressed as a percentage of your turnover.

Your business will also be charged an advance rate on the amount of funds advanced - expressed as a percentage above base rate.

As you can see with all these variable very few factoring companies charge exactly the same fees!

We do not issue automated quotes as these will very often vary once the factoring company has had time to assess your application.

However, with the levels of business that we generate for the factoring companies, our involvement will often mean a more competitive price for you.

Contact us today and let us help you find the right factoring provider for you.