Cashbook Finance Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
10723098
. The registered office is Cumberland House, 24-28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
The company's principal activity during the year continued to be that of invoice financing in the form of invoice discounting and factoring, bridge loans, supply chain finance and timesheet finance.
Cashbook Finance Limited is registered with the financial regulatory body in the United Kingdom, the FCA (Financial Conduct Authority, Registration Number 782472). Since it was established in 2017, the Company has provided over £15.7 million in funding to several businesses in many industries.
Such experience has allowed the Company to develop a market-leading product range that gives British businesses the funding they need. The Company can be flexible so as to provide clients with the best mix of funding to suit their needs from one or a combination of the following core products:
Invoice Finance offers immediate cash advances against approved unpaid invoices. This product is suitable for businesses that have money tied up in unpaid invoices. Cashbook Finance offers invoice discounting where the customer continues to manage its credit control and sales ledger and factoring, where Cashbook Finance takes responsibility for the client’s credit control and collection. The company also has variants of Invoice Financing tailored specifically for the Construction industry.
Bridging Finance is a funding solution whereby funds advanced are secured against property with repayment through either the sale of the property or exit to another form of funding, typically a longer-term mortgage. Term can range from 6 months to 18 months and loans can be either serviced or repayable in full on maturity.
Reverse Invoice Factoring is when a finance company, such as a Financial Institution, interposes itself between a company and its’ suppliers and commits to pay the company's invoices to the suppliers at an accelerated rate in exchange for a discount. This is a lower-cost form of financing that accelerates accounts receivable receipts for suppliers.
Timesheet Finance can convert a monthly income to a weekly income by giving independent contractors and freelancers’ the liquidity they need. Once timesheets are submitted, 80% of the value of these documents is transferred straight away. Approved timesheets are a vehicle that demonstrates that debt exists and by sending cash advances for it, the financier simply purchases the right to receive payment.