Factoring & Invoice Discounting
Invoice factoring is where a third party advances monies in relation to an invoice raised by a supplier to a customer.
The sum advanced, is usually an agreed percentage of the total invoice amount. The factoring company then seeks to recover the monies from the customer. This process can ease a supplier’s cash flow.
We have great experience of acting for factoring companies in recovering the unpaid invoices. We also act for both factoring companies and suppliers, in disputes between them when the factoring company has been unable to recover the invoice sum from the customer. In such circumstances, the factoring company will usually require the advanced monies to be paid back and the customer may have issues as to why the monies have not been recovered.
