The X-Port Factor: Time for UK Business to Explore Export Markets with Cashflow UK.com

Export factoring company Cashflow UK urges UK businesses to take advantage of improving trade conditions and a weak pound to boost exports through export factoring.

With the effects of the recession receding, many UK companies can capitalise by selling more abroad and finding new markets on foreign shores.

An increased number of businesses are looking outside the UK to stimulate growth and boost turnover with the trade gap now at its narrowest for almost four years.

Latest figures from the Office for National Statistics show the trade in goods deficit narrowed from £8bn to £6.2bn as we are exporting more.

But there are fears that UK businesses could overstretch themselves as they juggle growth with the uncertainty of a still-fragile economy.

Many post-recession firms will not exactly be flush with cash but that need not hold back an export drive, according to Andrew Bullard, head of business at Eastbourne-based specialist finance broker Cashflow UK.

Andrew said: "The weak pound is good for exporters as it makes their goods and services cheaper to potential customers abroad.
"Now is the time to explore fresh markets and gain a foothold to help boost your firm's recovery.
"Export factoring is an ideal way of generating a guaranteed income without having to worry about payment from customers in unfamiliar countries and cultures."

Export factoring releases cash from invoices as soon as they are issued, giving businesses an immediate and on-going supply of working capital that can be used to pay suppliers, so improving the overall management of the business and cutting out the need for expensive bank facilities.

Working with an export factoring company can also provide expert advice to break the ice in new territories.

Providers have specialist overseas sales ledger management skills, conducting multi-lingual negotiations and taking account of legal and cultural differences, freeing up valuable management time for the business to develop new and existing business.

Andrew added: "Working with an export factoring specialist is about more than just boosting business cash flow.
"Exporting is a potentially lucrative business as it broadens the market share of your business and can considerably boost a firm's turnover."
For further advice contact Cashflow UK on 0800 132 156 or visit the website www.cashflowuk.com

Cashflow UK is the country's leading brokerage specialising in factoring and invoice discounting, known collectively as invoice finance. It works in partnership with businesses of all shapes and sizes to improve their cashflow and help them achieve their full potential. Trading since 1993, Cashflow UK has a specialist team with more than 60 years combined market experience and has strong relationships with over 50 finance providers.