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Invoice Finance

Invoice Finance Solicitors in London and Essex

Invoice finance helps businesses to unlock money that is tied up in unpaid invoices. It is useful for businesses that wish to improve their cashflow or want to leverage their debtor balance to invest in growth opportunities. 

The two main types of invoice finance are invoice discounting and factoring. 

Invoice discounting is where the unpaid debts owed to a business (e.g. customer invoices) are used as collateral for a cash advance, which provides the business with a source of working capital until the debts are paid. The business will retain control of the invoicing and debt recovery process.

Factoring is where the rights in the unpaid debts are “assigned” to the factoring company in exchange for a payment. The factoring company then takes over the entire credit control process which means that the debtors (e.g. customers) will be contacted by the factoring company.

There are many reasons why businesses use invoice finance, including:

  • Reducing late payments or bad debts
  • Receiving a cashflow boost
  • Freeing up of business resources
  • Taking advantage of economies of scale e.g. volume discounting from suppliers

We advise on a range of recipients of invoice finance and can assist with the review and negotiation of the legal documentation. 

Our unique selling point is that we understand what clients want from their lawyers. We will manage your transaction proactively, with careful attention to detail while never losing sight of the bigger picture.

While working with us you will have access to our strong network of other professionals such as accountants, independent financial advisers and bankers.

We offer a range of pricing options and will be happy to discuss these with you. As a client-centred law firm, we will be transparent with you about our pricing and actively manage these in line with our agreements.

Why you should instruct us for legal matters

Client
Centred

We put our clients at the centre of our thinking. It is our mission to create an effortless experience and, in return, we hope to create clients for life.

Commercially Minded

We strive to understand the specific needs of our clients and, using our knowledge and expertise, focus on delivering real-life and practical solutions.

Trustworthy

An essential component of our business is being open, honest, and accountable with our clients, and operating at the highest professional standards.

Innovative Thinking

We encourage our people to think creatively and imaginatively in the legal advice we give, as well as the way we provide services.

Make a free enquiry about our services

Please call us to make a free enquiry about our services on 020 8123 4567 or email hello@birdilaw.co.uk. 

Alternatively, please take a moment to complete our free enquiry form.