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Asset based lending
Asset based lending (ABL) from Lloyds TSB Commercial Finance enables businesses of all sizes to boost their cash flow. Using all your available assets in a flexible and imaginative way makes it possible to fund your ambition and finance your business objectives. ABL from Lloyds TSB Commercial Finance offers the opportunity to find the most suitable funding solution to suit your business both now and in the future.


Lloyds TSB Commercial Finance, part of the Lloyds TSB Group, is the UK market leader in asset based lending. For over 40 years we have offered businesses the flexibility that comes with asset based financing. Lloyds TSB Commercial Finance currently provide funding to over 14,000 UK businesses of all sizes.


To find out more about how Lloyds TSB Commercial Finance is able to help your business with factoring, invoice discounting, hire purchase, leasing, payroll services, or asset based lending, click on the product link below.

Factoring
Factoring improves business cash flow by releasing money against unpaid sales invoices. Lloyds TSB Commercial Finance advance up to 90% of the invoice value within 24 hours after you raised the invoice. The remaining balance is made available when your customer settles the outstanding invoice. The service is especially suited to new starts, growing businesses and those with insufficient security to gain more traditional lending. Flexible credit management is built into the agreement with statements and reminder notices issued to reduce the administrative burden on the business. Assistance with telephone credit control can be provided if required.

Get an online quote (http://www.ltsbcf.co.uk/landing/?ref_id= BVIEW2)


Invoice Discounting
Similar to factoring, invoice discounting provides funds to your business by releasing money against unpaid sales invoices. Up to 90% of the invoice value is advanced within 24 hours of an invoice being raised. The remaining balance is made available when your customer settles the outstanding invoice. Unlike factoring, this facility is provided confidentially, so your customers remain unaware of your financing arrangements. Lloyds TSB Commercial Finance can release additional funds against stock, plant and machinery, land and buildings. Funding of transactions such as mergers, acquisitions, MBO's and MBI's may well require the additional headroom. Solutions can be tailored to meet specific needs of businesses with sales in excess of £250,000.

Get an online quote (http://www.ltsbcf.co.uk/landing/?ref_id= BVIEW3)

Hire Purchase and Leasing
Hire purchase and leasing can be used to fund new and used cars, coaches, buses, light commercial and heavy goods vehicles, plant and machinery, fork lift trucks, yellow plant, construction, plant hire, office and computer equipment. Lloyds TSB Commercial Finance can fund the capital investment programmes of businesses in markets as diverse as road freight, public transport, construction, plant hire, printing, engineering and business services.


Payroll Services
CashFriday, a specialist division of Lloyds TSB Commercial Finance, provides funding, payroll and credit control to temporary recruitment agencies throughout the UK. The service is useful for new start and growing temporary recruitment agencies. Payroll processing reduces the administrative burden placed on agencies, while 100% funding of the wages bill allows agencies to grow. CashFriday is the market leader in providing funding and payroll services to the UK temp recruitment sector.


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Added on Mar 26, 2008
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Key contacts


  • Ted Ettershank
    Ted Ettershank
    Managing Director

    01295 272 272

    Ted Ettershank has worked in the invoice finance industry for over 36 years. It took him just seven years to reach the level of MD where he has remained ever since. Today he is the Managing Director of one of the market leaders in the industry.
    With this business for 38 years.

Latest Reviews

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  • User portrait Rob Cane
    Slough
    Quality
    4

    Reliability
    4

    Value
    4
    0.7

    Appalling service levels

    Sep 23, 2008

    Pros: The cashconnect system is very easy to use. invoices can be put on easily, and a number of generic reports can be raised quickly.

    Cons: Service levels are absoutely shocking. On at least 4 occassions within 6 months Lloyds have been asked to address something business critical. On every occassion between 2 and 4 weeks notice was given, but nothing happened until the last day.

    As Ou C mentioned, Lloyds will happily withdraw funding at the drop of a hat. I have resolved 2 of the 3 issues within an afternoon and the 3rd one will be done within 48 hours. I had no communication from Lloyds to let me know that there was a problem, and the only time I found out was when funds were not available in my account.

    I have the factoring service and in 4 months Lloyds have managed to collect less than 10% of the overall ledger, when my payment terms are 14 days as standard. Again, I was not told about this until funding was pulled.

    I would thoroughly recommend avoiding these services at all cost. They are run by a bunch of amateurs who have no idea how to help a small and growing business.

  • User portrait Ou C
    London
    Quality
    4

    Reliability
    4

    Value
    4
    2

    Decisions on a whim

    Jun 5, 2008

    Pros: The automated parts of the service is very good. There isn't a problem with inputting your invoices, receiving your money and getting reports.

    Cons: Customer services is attrocious.

    The customer contact is haphazard. We don't know what contact is being made with our customer and when the customer calls as to find out what the query is no one at LTSBCF can tell us what contact they have had with the customer.

    You can get funding withdrawn with no warning whatsoever and based on a whim. LTSBCF don't seem to understand that if they have concerns they need to discuss it with the customer and give the customer a deadline to sort out issues, if any, before withdrawing funding. On the occassions that LTSBCF have withdrawn funding without warning the issue has been sorted within hours.

  • User portrait
    Adam P
    London
    Quality
    4

    Reliability
    4

    Value
    4
    4.7

    A very agile company

    Mar 30, 2008

    Pros: I've worked with the team at LTSBCF for nearly 4 years now, and considering the size of the organisation, i'm often surprised at their ability to make things happen quickly... often quicker than some smaller independents. A great sales team, backed up by a strong client management function based in regional offices through out the UK. Compared to other Bank factors, LTSBCF are streets ahead.

    Cons: Occasionally one or two of the other lenders out there in the market may be a little quicker or creative with a solution for a client.


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Financial information


Year incorporated 1970
Companies house number 00987840


Public liability limit Not known
Professional indemnity limits Not known
 
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