Factoring & Invoice Discounting
Invoice factoring is where a third party advances monies in relation to an invoice raised by a supplier to a customer.
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.