How can invoice finance help Easyjet? Permjit Singh Treasury Consultant finds out
Easyjet should use invoice finance not just cost-cutting or novel ways to extract more money from air passengers, to recover the cash element of its £2bn pandemic loss (reported in the FT), says Cash for Invoices Limited - the single invoice buyer.
Invoice finance is a readily-available source of cash for working capital but it is only available to businesses that trade on credit, meaning they issue invoices to their customers for future payment of goods and services sold. It can also be used for capex though less readily. If Easyjet runs B2B services, such as cargo shipping and business travel, then it might issue invoices, but they are not going to invoice their retail passengers
Cash for Invoices Limited of Chiswick London is an invoice finance company that specialises in buying single invoices. An SME can sell one or more of its trade invoices to Cash for Invoices Limited for cash. Unlike other providers, Cash for Invoices Limited only charges ONE fee, and gives the SME these other benefits:
NO commitment on the SME to sell further invoices NO charge over assets NO debt NO arrangement exit, maintenance or other fees other than a simple single charge for the cash paid in advance of the invoice payment date and NO financing facility
Cash for Invoices Limited of London offers a simple, transparent and flexible invoice finance service that helps the SME or sole trader get the essential cash they need.
To find out more contact Cash for Invoices Limited here