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 167 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