insideKENT Magazine Issue 30 - September 2014 | Page 167
BUSINESS
CASH IS KING:
HOW IS YOUR
CASH FLOW?
A YEAR AGO, WILKINS KENNEDY LAUNCHED
WWW.CASH-FLOW.CO.UK, AN ONLINE ASSET-BASED LENDING
BROKERAGE SERVICE FOR FIRMS LOOKING TO SUSTAIN
GROWTH AND PROFITABILITY, PLUS FIND A TEMPORARY
STOPGAP FOR THOSE LATE PAYING CUSTOMERS.
www.cash-flow.co.uk offers a responsive advisory
and introductory service, matching firms’ funding
requirements to the most suitable facility and
lender, enabling them to access a flexible and
competitive cash flow solution.
The website introduces clients to various cash
flow finance solutions, including invoice
discounting, factoring and asset-based lending.
Invoice Discounting
Invoice discounting is a proven cash flow finance
solution, enabling you to generate the maximum
working capital from your sales ledger.
Your business will receive an instant injection of
cash on day one, plus continuous cash flow to
fund your ongoing business activity. Invoice
discounting keeps pace with your rate of growth,
so you never have to worry about having constant
rounds of renegotiations with your lender.
You assign your unpaid sales invoices to an
invoice finance company. Then, within 24 hours
of receiving your invoices, they pay around 85%
of their value in cash. The remaining balance,
less the invoice discounter’s charges, is then
made available to you once the debt has been
collected.
FACTORING
A complete cash flow service, factoring provides
the answer for many businesses to slow-paying
customers and a shortage of working capital.
No longer do you have to face the frustration of
waiting several months for payment from your
customers. In addition to improving your cash
flow, and unlike invoice discounting, factoring
provides a dedicated sales ledger management
service, coupled with an effective and tactful
cash collection function that is tailored to your
requirements.
ASSET-BASED LENDING
Asset-based lending programmes deliver
significant levels of cash to mid-market businesses
against a mix of assets. These include current
assets, including debtors and stock, plus fixed
assets such as plant and machinery and property.
Some lenders will also consider lending against
less traditional types of assets, both tangible and
intangible, such as intellectual property rights.
With asset-based lending, not only do you receive
an immediate cash advance, but also the
additional headroom and cash flow that comes
from a revolving line of credit.
Anthony Cork, partner, commented: “Cash flow
is a critical resource – the fuel of any business.
Without it, business plans grind quickly to a halt.
With a strong cash flow, a business has
momentum and can sustain rapid growth.
www.cash-flow.co.uk will help clients make the
right choices, freeing them up to focus on
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accelerating their business growth by introducing
them to the most appropriate funding options
and finance providers.
“This is a great service which is invaluable to new
and existing clients. By gaining a real
understanding of a client’s business and their
cash flow requirements, www.cash-flow.co.uk
can offer the best advice and the most appr priate
o
funding solution to meet a client’s needs.”
Find out more about Cash Flow Finance by
visiting www.cash-flow.co.uk, or by calling the
Cash Flow Contact Centre on 0800 019 4251
for a free, no obligation quote to realise your
potential for growth.
If you would like any more information
about Wilkins Kennedy’s services, please
contact Anthony Cork on 01233 629255
or [email protected].
www.wilkinskennedy.com