Factoring provides finance despite CCJ

Youssef had run his meat distributors for 10 years and it had grown organically in the time. When the recession started the work started drying up. No matter what he did he seemed to struggle to get new work in. This caused a couple of debt problems for the business, one of which resulted in a CCJ which he eventually settled.

He survived the recession, a little more battered and bruised then he went into it.

At an account review the bank decided to pull his overdraft due to the CCJ and recent debt problems. This crippled Youssef’s business.

By using Invoice Factoring, Youssef was able to refund his business, despite the lack of an overdraft. As things started to pick up for him again the facility grew.

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