It’s been well documented that HMRC is tightening the rules around ‘time to pay’ or late payments of VAT and Corporation Tax. This client operates in the construction sector and through no fault of their own were suffering poor cash flow primarily due to late payments but also due to one of their larger customers defaulting on their debts when they entered pre-packaged administration. To compound issues HMRC were unable to offer any leniency for late payment.

Tandem Invoice Finance were able to offer an immediate Selective Invoice Discounting facility across a spread of debtors. Our client had the support it required when it needed it most and were able to meet their tax obligations on time. Most importantly they were able to direct their focus towards building their business rather than focusing on their own administration of accounts and finance.

As a company we were delighted to help a company, who now understand they have our support whenever they need to raise additional working capital.

What next?

• Contact us for more information on our business finance services and products
• Call us now for a quotation on 0845 6188 515
• Find out more about our single invoice discounting services
• Need a long-term invoice discounting solution? Read about our recurring invoice discounting services.