Cashflow finance for growing companies

Through GLE's subsidiary commercial finance company IGF we can offer growing companies a range of cashflow financial products.

Factoring

At IGF we provide sales ledger finance to UK businesses with turnovers between £100,000 and £10m per annum, including start ups, management buyouts/buyins and phoenix companies.

We offer tailored packages ranging from the client retaining credit control or selective collection services, to full credit control and sales ledger management.

We make available a funding prepayment of up to 90% and the remaining balance, less charges, is paid as customer invoices are settled.

If bad debt protection is required then this can be arranged as part of any package we offer.

Invoice Discounting

Invoice discounting mirrors the sales ledger in terms of providing access to finance, makes finance available against sales performance.  Unlike factoring, the responsibility for sales ledger management and credit control remains with the company – and not IGF.

The facility can be ‘disclosed’ in the form of a notice of assignment on each invoice or ‘confidential’, where the client’s customer is not aware of our involvement. 

Direct debit services

IGF provide a direct debit services which speeds up the collection of unpaid sales invoices and puts clients in control of when they get paid. Direct debit provides a simpler way to get invoices paid.

The service can be combined with invoice finance to allow for a funding advance of up to 90% of the gross value of all unpaid sales invoices, prior to collection via direct debit.

IGF payroll

IGF payroll is operated by professionally qualified payroll experts who handle those new starters, leavers, supplementary payments and other anomalies that can make company directors’ life so difficult.

The commercial development loan

This service provides secured commercial loans to existing IGF clients when additional finance might be required over and above that provided through our invoice finance services.

Debt recovery services

IGF provide sales ledger collection and funding facilities to insolvency practitioners appointed in UK-based receiverships and administrations.

The collection process commences once IGF receives the debtor book, together with appropriate background information and substantiating paperwork necessary to aid collection.

More about IGF

Specialising in the SME business market, IGF currently provides finance packages to a growing portfolio of around 600 clients located throughout the UK. Over 10% of which are located in London.

IGF can provide UK clients:

• working capital funding
• sales ledger management
• credit control services
• bad debt protection
• debt recovery
• payroll and commercial lending services

With offices in Birmingham, Kent, Leicester, London and Stockport, IGF offers a comprehensive portfolio.

More information can be found at www.igfgroup.com