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Profit Centre
ICF are providing flexible finance for growth orientated repairers whose working capital is tied up in sales invoices.
Over the past 15 years we have gained a wealth of knowledge and experience in dealing with insurance, fleet, and management companies. Through this understanding we have become one of the leading companies in our field.
Our invoice discounting service provides you with immediate cashflow:
IMMEDIATE CASH paid directly into your back account.
REDUCED INTERNAL OVERHEADS means that there are less wages to pay for credit control.
MANAGEMENT TIME RELEASED so that you are free to concentrate on running your business more efficiently.
MORE FAVOURABLE DISCOUNTS can be obtained from your parts suppliers because you can pay them more quickly.
EXPANSION can be achieved as our service can allow you to keep pace with your growth.
We can pay you up to 97.5% of the value of your invoices immediately in to your bank account. We do not hold retentions. There are no hidden charges (unlike some of our competitors). Credit control will be handled by our in house staff who have a complete understanding of repair invoices enabling them to handle collections efficiently by telephone, with emphasis always on maintaining good relationships with your customers.
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Simply fax us copies of your completed invoices. |
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We will make an immediate payment into your bank account. |
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Post original invoices and all relevant paperwork to us. |
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A member of our staff will be assigned to your account and will liase with you to handle any queries. |
Q. How long will it take to set up?
A. A few days
Q. Do I have to discount all my work?
A. No you can discount as much or as little as you wish.
Q. Can I discount invoices that I have already sent off?
A. No, once you have sent an invoice off we are unable to put our notice of assignment on it.
Q. Will insurers accept assigned invoices?
A. Yes we are well recognised by all insurers.
Q. Is your charge subject to VAT?
A. No there is no VAT involved we are not VAT registered.
Q. How soon will I get paid?
A. Payment can be made immediately by CHAPS BACS or cheque on receipt of your faxed invoices and relevant paperwork.
Q. My bank has a charge over my book debt, will I still be able to discount my invoices?
A. If you have a charge or debenture over your book debt you will have to ask your bank for their consent, which is usually given.
Q. Can I discount invoices payable by a company?
A. Yes. Providing they meet our credit criteria. Also our charges may vary depending on their payment terms.
You can also contact us by submitting your details below. One of the team will get back to you as soon as possible. Our normal office hours are Mon-Fri 9.00am to 5.00pm.
