UK invoice discounting

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  • Aldermore

Boost cashflow with invoice factoring solutions

A UK invoice factoring solution offers an easy way to get cash out of unpaid invoices. Arranged through our partner Aldermore Bank, factoring will help you grab a quick cash injection, with up to 90% of the face value of your invoices paid within just 24 hours. Credit management is left to Aldermore, freeing up management and administrative time - and they will even credit check new customers so you’re confident they can pay.

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Factoring fees are split into two parts:

A Service Fee covers the day-to-day servicing of your purchase ledger. This can be between 0.5% and 3% of your turnover.

Interest is charged against the amount of each invoice, usually at a fixed percent above the factoring.

Get started with Aldermore Bank

Arranging your UK invoice discounting solution is quick and easy - just follow these simple steps:

  • Complete the quick enquiry form, telling us a bit more about you and your business.
  • Once we’ve got a picture of your needs and priorities, we’ll refer you to Aldermore Bank’s specialist business finance team. They’ll then get in touch by email with a quote, or to arrange a face-to-face appointment at a time that suits you.
  • Happy with your quote? Aldermore Bank will tailor a brand new invoice discounting, factoring, asset finance or commercial mortgage solution to help you quickly take control of your business finances.

To get a quote now, why not try out Aldermore Bank’s quick calculator?

Why factoring?

  • Up to 90% of your invoice value, paid immediately
  • Debt collection managed on your behalf
  • More funds available than with a typical overdraft

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Why invoice discounting?

  • Immediate cash injections

  • Funding for growth

  • Your customers need never know

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The benefits of business insurance

  • Public liability insurance

  • Professional indemnity

  • Employers’ liability

  • Tools and equipment

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Customer reviews

Our rating

Customer review

4.7 /5

Working out our score

Our score is based on the reviews we’ve collected on Feefo, the independent customer research specialist. For more details on how this works, click below.

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Customer testimonials

“It is a very good and easy to use service. I've been a customer for several years and the renewal system is very straight forward. I've always found the quotes competitive too. I'd definitely recommend Simply Business.”

R Matthews, Handyman

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