Close Invoice Finance

As a Premier Business Partner of the REC Close Invoice Finance has specialised in the recruitment industry for over 20 years, providing a full range of flexible working capital facilities and cash flow solutions for growing businesses throughout the UK, including Northern and Southern Ireland.

Established in 1984, Close Invoice Finance is part of Close Brothers Group Plc, one of the City’s most respected merchant banks and a FTSE 250 company, and employs approximately 160 people throughout its five strong office network. 

Independently commissioned client satisfaction surveys show that it consistently ranks top of the industry in terms of service delivery (20% higher than the industry average*) and this has led it to become one of the best regarded invoice finance providers in the country with a current client base of more than 1,100.

In addition, with their flagship product IDeal, an online invoice discounting solution which allows real-time exchange of payment and cash flow, Close has earned a deserved reputation for innovative, award-winning solutions that differentiates them from the competition and delivers tangible benefits for SME Clients.

Products and Services

• Invoice Discounting is a flexible means of acquiring finance that funds up to 95% of the value of the Clients’ invoices, with the option of complete confidentiality. 
  
  In 2006, Close launched IDeal, its first to market online invoice discounting service.  The system integrates seamlessly with all available accounting packages making paperless invoice discounting a reality.  It completely eliminates all the paperwork traditionally associated with invoice discounting, meaning labour intensive day book listings and monthly reconciliations are a thing of the past.
  
  
• Factoring: funds up to 95% of the value of the debtor book and takes care of sales ledger management, credit control and collections as well.
  
  
• Bad Debt Protection: this facility complements the flexible forms of working capital finance provided by Close Invoice Finance, giving complete peace of mind, should customers  cease to trade.
  

Our special agreement with all REC members:

• Borrowings at 1% over 1 month LIBOR for the first 6 months of the agreement
• 6 months Service Guarantee

To find out more about the benefits of invoice finance please call us on 0800 220 257 or visit http://www.closeinvoice.co.uk/

*Improvia 2007