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UK Invoice Discounters
As invoice discounting is a service, which is more tailored to larger companies with higher turnovers and thus larger cash requirements, there tends to be lees invoice discounters to choose from than invoice factors. The service charges on invoice discounting also tend to be much lower making the service very rate sensitive and the margins for operators lower.
A lot of bank owned factors also operate discounting services as well - such as Alex Lawrie Factors. Owned by Lloyds TSB, they are independently managed but have the increased ability to underwrite larger deals. One of the advantages of Alex Lawrie Factors is that once your needs have grown beyond what they offer their factoring clients, you are able to move to Lloyds TSB Asset Finance division including invoice discounting.
Eurofactor are an invoice factor/invoice discounter with the added advantage of very strong Europen connections providing the perfect solution to International discounting and export finance.
First National Invoice Finance are a division of Abbey National Business Banking and offer invoice discounting as a service to larger companies requiring confidential invoice finance.
To compare prices from invoice discounters click here.
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