- Lender: MarketInvoice
- Product: MI Pro
- Product description: A confidential invoice discounting facility that is secured against all your client’s outstanding invoices
- Clients it suits: Established businesses with a regular funding need and a minimum turnover of £1 million. Must be a limited or LLP company based in the UK or Ireland.
- Document requirements: Latest unabbreviated year end accounts, latest management accounts, 3 months' bank statements
- Time to close: You will have an indicative quote within 24 hours and a funding decision within days.
MarketInvoice Pro was the ideal service for Derby-based temporary recruitment company Skillbase, which provides specialist building services contractors to the construction industry.
With up to 250 contractors to pay weekly but their customers paying on 30 day payment terms, Skillbase needed a way to fund their growth. Without a cash flow solution in place, they’d have to consider whether they could afford to take on new jobs and, as a growing business, they didn’t want to turn any business away.
Jason Bates, Managing Director said:
“We looked at a few different options but MarketInvoice Pro seemed to be very simple and easy to use. There were no hidden charges – that was a big plus.”
Skillbase also found MarketInvoice Pro's integration with their accounting packages, Sage 50, invaluable. Taking away the burden of manually uploading documents every month, Skillbase can now access everything easily online.