Provider Guide
Hampshire Trust Factors - Profile for Decision Finance
Hampshire Trust Factors is an independent invoice finance company based in Milton Keynes and specialising in providing flexible finance and back-office facilities to owner-managed businesses in the UK.
The business is managed by Mark Byrne and Chris Watt who founded the company in 1998. When they set up the company their aim was to provide the best service to their clients without exception. Seven years on the business has a growing client book and probably the best record for client retention in the industry.
'Our marketplace is dominated by the bank factoring companies, and no matter how hard they try, by their nature they cannot compete with the very personal approach that we bring to our business', says Mark Byrne, 'As owner-managers ourselves, we feel that we have a unique understanding of the problems and pains of growing a small business.'
Hampshire Trust makes finance available against debtors and other business assets as well as providing a range of back-office facilities including credit control, payroll and debt collection.
Factoring
Provides valuable finance linked to business sales. Factoring also gives you the ability to outsource much of your credit control function. Business managers may see us handling the invoice chasing as losing control, but with our very personal approach we act as your credit control department under your instruction.
Most business managers loath credit control and see it as a necessary evil. We free up management time for you to concentrate on what you are best at; developing and growing your business.
Confidential Factoring
Customers are unaware of Hampshire Trust's involvement in funding and managing the sales ledger.
As with standard factoring we can either manage the credit control or leave it in your hands.
Fastcash
A no-frills low-cost facility aimed at start ups and small businesses. The problem with factoring small business is that it often works out as expensive and small businesses do not require the sophistication of a full factoring facility. Fastcash cuts away the detail and provides a no-nonsense cashflow facility charged at only 1.0% of sales turnover.
Financial Outsourcing
Provides back office support for owner-managed businesses. Financial Outsourcing takes away the chores of managing payroll, invoicing and accounts.
Credit Insurance
Through our own insurance policy we can help your business protect itself against bad debt. We make bad debt insurance accessible and affordable to small businesses. We can also insure selected customers rather than your whole sales ledger.
Credit Control / Debt Collection
Many of our clients get to a stage where their cashflow is strong enough for them not to require any funding but they retain us to manage their credit control. We also assist in general debt collection or collecting recalcitrant sales ledgers.
We are not prescriptive in our approach - you tell us your particular requirements and our aim is to provide the right service that will make a real difference to you and your business.
