Factoring company required to factor the invoices of…..

a company acting as lead generators in the litigation of the misselling of payment protection insurance policies. Like the medical reports businesses that we have seen before this case involves fairly long credit periods with the customer taking up to eight months to pay but the customers are established multi partner firms of solicitors and not one man bands. Each case is validated by the solicitor before it is taken on and once accepted my client’s fee of £400 is payable win or lose.

The company is turning over £200,000 pa and even if every invoice wasn’t paid until eight months the debtors wouldn’t be more than £128,000 and a 50% IP would result in an investment of only £64,000

If anyone is interested in taking a closer look at this case please contact me.