Factoring refers to a debt collection agency will buy a company's debt and then trying to raise funds themselves. This is useful for a company is experiencing cash flow problems for. Because they can receive a large part of the debt in cash prior to maturity of the debt. Means that a company can receive high outstanding debt immediately, and do not need to pay the debt collection costs. Once the accounts receivable payment, the remaining cash may receive in the future. The company's 2013 total equity and liabilities was £ 5212, 2014 years of total equity and liabilities is £ 5566.
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