Touch Customer Testimonial

Overview of company
Wholesale and distribution of clothing and accessories to businesses in and around the Derbyshire area.

Why they needed invoice finance
“During the recession the customer found that their customers were taking longer to pay their invoices. This posed a big problem to them as they were on strict credit terms with their suppliers, placing a great strain on their cash flow. Their aim was to find a factoring provider which could help them with cash flow in the short term, but also save them money by managing their sales ledger, credit control and payment collection” Katerina Nicolaou – Factoring expert at Touch Financial

How factoring has helped their business
“Having cash flow finance in place has really helped stabilise our finances and we’ve also managed to negotiate better rates with our suppliers for quick turnaround of their invoices.” Customer - Company Director

Customers comments on lender
“Bibby have been fantastic, they really understand our industry and understand how to approach our customers regarding payment. We’ve never had any complaints which I found surprising because I thought there would be a couple.” Customer - Company Director

Feel free to contact Katerina if you have any questions regarding factoring or would like to compare quotes from lenders.

Katerina can be contacted by telephone on 020 7920 0033 or by mailing him at katerina@touchfinancial.co.uk.