Calverton Factors Home Page Invoice Factoring Invoice Discounting Fast Cash Business Support Services Recruitment Invoice Finance, Solicitors Invoice Funding, Invoice Finance for Printers, Bodyshop Invoice Finance Get A Quote Already a Calverton Factors Client Contact Calverton Factors Invoice Factoring Frequently Asked Questions (FAQs)
How factoring works What ts costs Why factor? Offer Explained
Your Factoring Offer explained
LETTER OF OFFER BY CALVERTON FACTORS LIMITED
The offer of factoring services made to …………………… on ……………… includes the following particular terms and conditions which are set out in this annexe for ease of reference: -
Hold the cursor over each clause for an explanation of that clause
  1. Book Debts to be Included
 All Book Debts arising from Supply Contracts whereby the invoices are to be addressed to a place in the United Kingdom
  1. The Start of Factoring
 The day following written acceptance of this facility.
  1. Minimum Period
 12 months
  1. Notice Period
 		3 months
  1. Nature of your Business
 		Building and drainage repairs and maintenance
  1. Your normal Terms of Payment
 1. Payment Date:- 30 days
2. Maximum Settlement Discounts:- nil
  1. Maximum Credit Period
 90 days
  1. Prepayment Percentage
 80%
  1. Rate of Discounting Charge
 This is the charge that will we make on any balance that is outstanding. It is calculated on a daily basis and charged at the end of the month.
  1. Rate of Factoring Charge
 1.0%
  1. Rate of Refactoring Charge
 1. Period:- 90 days
2. Rate:- 0.5%
  1. Minimum Monthly Factoring Charge
 £250
  1. Maximum Funds in Use
 £100,000
  1. Concentration Limit
 20%
I agree with the above terms and conditions.
Signed for and on behalf of ………………………………………….
……………………………………….………………………….
DirectorDate
Click here for more information on the following topics:
  1. Calculating the Discount Charge
  2. Calculating the Factoring Charge
  3. Calculating the Concentration Limit
Click here to view our JARGON BUSTER
If you would like a detailed quotation then please complete our “Get a Quote” page
Registered Office:
Calverton Factors Limited,
Calverton House, 1 Keller Close, Kiln Farm,
Milton Keynes, MK11 3LL UK
Registered in England No. 3612551 		Site developed and hosted in the UK by :
Absolute Micro Communications