Company gets lump sum on unpaid invoices

Sally is Director of a recruitment firm in the North West. Clients were starting to get slower and slower at paying her invoices. This caused he own cash flow problems, as she still had to pay staff.

Slowly her reserves were draining away.

It became obvious that if she didn’t do something, she would start losing staff. She had already started to forego her own wages in order to pay the temp staff she wanted to keep on her books.

Sally decided to use Invoice Factoring to solve her problems, within a few days she had the facility in place and was able to upload all the invoices that were unpaid.

This meant that not only was she able to make sure her staff were paid, but she could also pay herself, which was a huge relief.

Comments are closed.