Company Profile

Ulster Factors Limited was established in 1969 as the first factoring

company in Ireland and over the years we have gained the trust and
respect of our clients by giving a professional yet personal service.
With almost thirty years experience behind us we understand
the needs of the business community. We know the market
in Northern Ireland, the Republic of Ireland and
Great Britain.

We know what the client wants - a prompt, efficient and affordable service with no red tape.
At Ulster Factors the client has direct access to the decision makers in our company
when required. Ulster Factors is an independent company which means that
the client can spread the sources of finance, a vital ingredient
in today's business environment.

THE PROBLEM - CASH FLOW
Sales £10,000 per week on Monthly Account. Assume 4 weeks equal to one month and Factors Prepayment 75%
	January	February	March
Sales	40,000	40,000	40,000
Cash Due	----------	---------	40,000
Cash Received	-----------	---------	--------
Debtors	----------	80,000	120,000
The January sales of £40,000 are due for payment at the end of February, by which time the debtors are £80,000. For the purpose of this comparison we have assumed that the debtors take an extra month's credit beyond the due date. However, Ulster Factors would expect payment on the due date & request payment accordingly
THE SOLUTION - ULSTER FACTORS
	January	February	March
Sales	40,000	40,000	40,000
Cash Available (Cumulative)	30,000	60,000	90,000
Debtors (Assume Cash Drawn)	10,000	20,000	30,000
With Factoring 75% of each week's invoices is available on presentation of the invoices to Ulster Factors. The balance is available when your customer settles their account