The Amazon effect has been a hot topic amongst businesses over 2019 as the retail giant has seen massive expansion...
We are aware from our accountant contacts that a number of their clients are under pressure from their banks and their factoring arms. In most instances they will try to manage the borrowings down to a more acceptable level. This is a useful trigger point to consider seeking our advice. There are independent Factoring Companies who view this situation as an opportunity, either to take the existing lender out, or to finance a phoenix business free from the current company’s debt.