Factoring for recruitment agency

Discussion in 'Cashflow forum' started by Claire Moir, Jul 26, 2017.

  1. Claire Moir

    Claire Moir UKBF Newcomer Free Member

    2 0
    Hi All,

    I am a new startup recruitment agency I started trading on 1st January 2017. I currently use Lloyds Commercial Finance for factoring (invoice discounting) my temporary invoices. However, I am finding their Cash Connect system a constant trial - its incredibly hard to find your way around and my Account Managers are awful.

    They consistently allocate payments to the wrong invoices then have the cheek to charge me re-factoring fees on invoices they had previous assigned as Paid. Its pretty much driving me to distraction. Can any other recruitment agencies out there recommend a more simple and efficient factoring service for temporary invoices?
     
    Posted: Jul 26, 2017 By: Claire Moir Member since: Jul 26, 2017
    #1
  2. STDFR33

    STDFR33 UKBF Big Shot Free Member

    3,518 855
    @Ian J is the guy you need to speak to. He knows factoring inside out.
     
    Posted: Jul 26, 2017 By: STDFR33 Member since: Aug 7, 2016
    #2
  3. Claire Moir

    Claire Moir UKBF Newcomer Free Member

    2 0
    Thanks The Accountancy Lab - @Ian J - any advice greatly appreciated :)
     
    Posted: Jul 26, 2017 By: Claire Moir Member since: Jul 26, 2017
    #3
  4. Ian J

    Ian J Factoring Specialist Full Member - Verified Business

    4,586 1,290
    Hi Claire. If you care to give me a ring I will happily discuss the options with you and I pride myself on only dealing with those companies that actually perform
     
    Posted: Jul 26, 2017 By: Ian J Member since: Nov 6, 2004
    #4