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    At Innovation Finance
    we bridge your cashflow by providing your business
    up to 90% of your invoice value
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    6 Month Trial Period Offer
    find out if invoice finance
    is the right solution for your business

Invoice Factoring

So you can focus on your business

Funding

  • Up to 90% of your invoice values can be in your bank within 24 hours.
  • The remainder, less our charges, is available when the customer pays us.
  • Your business benefits from this immediate cash, getting better supplier discounts for example

Credit control services

  • Complete outsourced collections service maintaining goodwill whilst securing payment in a period reasonable to your terms.
  • We send statements, reminders by email or letter and call at pre-agreed points in the collections cycle, saving you time and money.
  • We handle slow and late payment and always discuss with you before we recommend recovery action.

Protection from bad debts

  • You will have the option to select bad debt protection as part of our factoring service.
  • Available on all the sales ledger or just key customers.
  • Credit advice and credit management helps you grow more securely.

Understand Invoice Finance

To assist your business

Innovation Finance
Your Business
Your Customer
You supply goods or services to your customers
You invoice your customer and send an electronic copy to IFL
IFL send the agreed % of the invoice to you
Your customer pays the invoice to IFL when due
IFL send you the balance %

Invoice Discounting

Tailored to your requirements

Funding

  • Up to 90% of your invoice values can be in your bank within 24 hours.
  • Invoice discounting is usually confidential so your customer does not know of our facility for you.
  • Grows with your business and is more flexible than an overdraft.

Customer Relations

  • You continue with your existing invoice collection activity from your customers.
  • You also manage your sales ledger administration.
  • Secure on line upload of information to us.

Protection from bad debts

  • You will have the option to select bad debt protection as part of our invoice discounting service.
  • Available on all the sales ledger or just key customers.
  • Credit advice and credit management helps you grow more securely.

Bad Debt Protection

Safeguarding your business

Key Benefits

  • Protects your business from customer insolvency and loss.
  • Helps you make better informed decisions about offering a credit account.
  • Gives you more information on the credit status of the customers you are dealing with.
  • Lets you check out new customers before you start working with them.

Key Features

  • 90% protection, less £750 first loss each time.
  • Can be selected customers or all your sales ledger.
  • No additional reporting or monitoring requirements.
  • Export customers can be included.

About Us

Our Values

make us different

Access to decision makers
As well as our senior team, we empower our staff. This means quick decisions
Flexible service proposition
We will design our credit control around your requirements and will deliver any reasonable request
Transparent pricing
We tell you what the facility costs and negotiate other charges with you
Predictable Funding
We will clearly define the level of working capital support. If things change we will negotiate with you
Maintaining our customer service measures
As we expand our business, we will continue to resource our team appropriately
Treating Customers Fairly
We never promise not to ever make a mistake so we will respond to any feedback or complaint within 24 hours and work to put it right

And of course, our staff. We are committed to involving them in our business through regular briefings training and reviews so they have the skills knowledge and attitude to deliver our pledges.

We will check our progress with regular client feedback at visits, satisfaction surveys etc.

Our Team

Recognised for the quality of our relationship management

I have worked within this industry for the last 30 years. I have a blend of sales, credit, risk and relationship experience. We provide a range of Invoice Finance solutions delivered with a strong service ethic which includes access to our decision makers and a responsive dedicated team. When not working I enjoy golf, watching cricket and playing music

Managing Director Mike Vince

Contact Us

Registered Office
Belfry House
Champions Way
Hendon
London
NW4 1PX

Registered Number: 7172160

Directors: J.Reed, B.Chandaria, M.Vince(Managing), K.Chandaria

Head Office
The Innovation Centre
Highfield Drive, Churchfields
St Leonards-on-Sea
East Sussex
TN38 9UH
Tel: 01424 858285

info@innovationfinance.uk

01424 858285