In recent years, the use of factoring has become more widespread in Danish trade and industry.
Historically, factoring has been particularly widespread within the textile industry where trading patterns meant that the roles financing, production, sales and administration have been divided between several specialized businesses and persons.
From the textile industry, factoring has spread to other lines of business, and today Midt Factoring has clients within practically all lines of business, e.g. IT hardware, furniture business, the graphic business, home & arts and crafts, machinery & tools, iron & metal, construction fittings and the food industry, and of course also textile.
As a main rule, factoring is most suitable for companies working in the business-to-business area and with an annual turnover of more than DKK 10 mio. At the same time, you are typically over the first startup phase.
The typical factoring client is described by one or more of these characteristics:
If you can nod in agreement to one or more of these characteristics, it will be the obvious choice to have a non-binding talk with Midt Factoring.
The turnover of our clients has a wide range – in more cases up to several billion kroner annually. We service smaller companies experiencing a period of strong growth – and we also cooperate with a large number of clients among large and well-consolidated companies which use the administrative, financial and risk-related benefits of factoring.
Most of our clients buy tailor-made total solutions, where the company has outsourced the entire debtor function to Midt Factoring. However, we also have clients who either buy debtor service or risk management as stand-alone solutions. We can offer you the solution, which precisely fits your requirements.