ABL and invoice finance
This is one of the firm's busiest practice areas. Throughout the recession ABL and invoice finance has grown at a fast pace, replacing many long-standing more traditional finance lines in many businesses.
ABL deals are being done on a regular basis for facilities exceeding £100M, but our clients still need low value factoring and invoice discounting deals done. Careful attention has to be paid to the preparation of standard, as well as bespoke, documentation and of course some clients' customers encounter difficulties in paying their debts - and they have to be recovered.
We have a great track record of helping clients. We produce documentation in clear English, readily understandable to the lay reader. Our clients comment that we win business for the firm because we explain options clearly and don't hide behind legal niceties and uncertainties. Our aim is always to help provide a business solution and get the deal done or the debt recovered.
Benefits we bring
We have the leading Scottish-based ABL and invoice finance team and a well-known name throughout the UK in the invoice finance industry. Our team leader, Bruce Wood, advises ABFA on Scottish legal issues and is a frequent speaker to their legal committee. We have the largest invoice finance recovery team in Scotland, with many cumulative years of experience in collecting defaulted book debts.
Our approach to fees
We provide value for money and compete with City of London firms in quality of work at the costs appropriate to where our offices are. Even in defended litigation recovery work and disputes we do what we can to provide fixed fees at competitive prices.