Invoice Factoring Cap

[roydmoorian]

As per title what level would you expect an invoice factoring cap to be set at on a £650,000 Inc VAT turnover which has virtually doubled since Covid started…?

 

[fisicx]

A question for @Ian J methinks

 

[Ian J]

At a guess I would say about £90,000 but a cap isn't supposed to be a permanent limit but time for the facility to be reviewed. It's normally in the factor's interest to have a growing client so they should review and then increase the limit in the light of what you need

 

[roydmoorian]

At a guess I would say about £90,000 but a cap isn't supposed to be a permanent limit but time for the facility to be reviewed. It's normally in the factor's interest to have a growing client so they should review and then increase the limit in the light of what you need

Been busy recently - the 4 weeks before Christmas we invoiced more than that and the New Year isn’t letting up so basically all good.

 

[Ian J]

Been busy recently

Always good to hear