Invoice Discounting & Factoring for Gas, Petro and Oilfield Services in the UK
- Financing Rates at 0.20% - 2.5%
- No Financials - No monthly minimums - No invoice minimums
- No facility fees - No audits - No up-front fees - No hidden fees
- Set up account in 3 to 5 working days - 24 hr funding thereafter
- Credit Lines starting at £5,000 & up to 10 million
- Optional Libor & Admin fee
- Customer referrals upon your request
- We Make Same Day Decisions
Call Now 0 800 404 9669
The UK has a clear comparative advantage in the offshore oil and gas industry. While the economy seeks to accelerate out of recession, it should be recognised that the indigenous oil and gas industry acts as an important engine for growth. The industry continues to make the economy as a major source of employment, energy, technology, tax revenues and investments.
Considering the importance of the oil and gas industry, we support everything from upstream production and service sector businesses, through to refinery and downstream businesses. The oil and gas industry in the UK is made up of companies which range in size from sole operators to businesses with over 100,000 staff. It is a technology driven industry and most of the creativity and innovation stems from the smaller companies. The small and medium enterprises constitute the main fabric of the upstream oil and gas supply chain. We have specialised bespoke solution to support the needs such small and medium enterprises as well.
Tool for working capital
As a working capital enhancement tool, we offer specialised services to the oil and gas industry. You can avail our factoring services wherein you would sell your invoices to us. In return we will process the invoices and allow you to draw against the money owed to your business. In this way, you can make use of our effective debt collection and ledger maintenance service also.
Invoice discounting is an alternative way to draw money against your invoices. However your business would retain the control over the administration of your sales ledger. Apart from providing finance, you can also gain from our valuable credit insurance and support services.
We also provide supplier finance wherein your suppliers would be provided with low-cost finance, as part of a flexible settlement system. This would improve the cash flow position of both you and your suppliers.