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Archive for April, 2016

How Independent Finance Companies Can Work Together

Monday, April 18th, 2016

Reach Commercial Finance were introduced to a local business that had gone through an administration and relaunch in the middle of 2015 and who Factored their debts with a Manchester based factoring company. They had supported the Directors over several years but had decided that time had come for them to find alternative funders.

The business was introduced to an associated finance company who agreed a facility however the client had £36,000 of HMRC arrears, a combination of VAT and PAYE, however the client was in the process of negotiating a time to pay agreement with HMRC.

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