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Invoice Finance helping Marlin Green catch the big fish

Invoice Finance helping Marlin Green catch the big fish
High Wycombe-based Marlin Green has made a huge splash in the world of international IT recruitment thanks to the support of Clydesdale Bank.Having only begun trading in October, the company which supplies top end IT consultants to international blue chip companies is on course to record in excess of 1 million turnover in its first 12 months of operation.We were put in contact with Clydesdale by our accountants, said co-owner Toby Dixon. We put all of our banking out to tender to a number of banks and Clydesdale came through with the best propositionInvoice Financing is the one of the most expensive parts of our operation. The major international companies we deal with have credit terms of a minimum of 30 days, but more usually 60 days. We are paying consultants 500 to 1,000 per day and to be competitive in the European market we have to pay consultant invoices with short payment terms so it is vital that we have a well-structured Invoice Finance facility to free up cash flow.Clydesdale Bank has given us their advice and support through our whole banking package which is helping us to grow at the speed we are.

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