Provider Guide
Ultimate Finance - Profile for Decision Finance |
Ultimate Finance Group plc is one of the country's leading providers of funding and financial management solutions for small to medium sized businesses (SMEs).
Many companies experience periods when they are using working capital faster than its customers are paying their invoices. Research has shown that UK businesses can be facing up to £20 billion pounds in unpaid bills at any one time and one in four businesses failures are caused by late payment.
However the majority of over-trading problems can be countered by cutting the time it takes to collect payment from customers and by arranging a cash injection to provide instant working capital. Ultimate Finance helps SMEs enhance their cash flow by providing a range of business finance solutions:
Ultimate Factoring:
- Provides initial advances of up to 85 per cent of a business's approved invoices
- Provides a debt collection/sales ledger management service thus minimising administration
- Advances funds immediately upon receiving the invoices
- Includes Debtor Protection
Ultimate Invoice Discounting
- Provides initial advances of up to 85 per cent of approved debts immediately upon receiving the invoices
- Client retains control of its own sales ledger
- Can be provided on a confidential basis
- Includes Debtor Protection
Ultimate Trade Finance
This service, linked to a factoring agreement, provides cash to businesses to allow them to buy stock or finished goods. Trade Finance:
- Ensures the client does not miss opportunities or discounts because the cash isn't available
- Is particularly useful for businesses with seasonal sales
- The client can access the service as and when required, offering greater purchasing power
- Leaves bank credit lines unaffected and enhances relationships with suppliers
- Includes Debtor Protection
Ultimate Cash
This service is primarily aimed at temporary recruitment and labour hire agencies, who may struggle to balance working capital with the need to pay workers on a weekly basis. Ultimate Cash:
- Provides funding, sales ledger administration, optional payroll management and debt protection services
- Provides cash to pay agency workers weekly
- Pays the agency its profit margin every week (less charges)
- Takes control of payroll processing, VAT & PAYE
- Manages the credit control, sales ledger administration and collection
- Includes Debtor Protection
Ultimate Finance prides itself on providing a flexible and fast service delivered by a highly experienced and professional team.
Each client works directly with both a dedicated credit controller and client manager and all clients are given a sophisticated 'real time' internet based system that offers up to 70 screens of financial information. The information technology enables Ultimate Finance's clients to gain an overview of their cash flows in real time and analyse their business sales.
Ultimate Finance was founded in 2002, and is listed on the AIM. Head quartered in Bristol, it also has offices in Manchester, Birmingham and London. The company recorded its maiden profit in 2005 and a 104 per cent increase in client turnover over the previous year.
