Reasonable margin for factoring payments only

[Old Greg]

Does your bank offer factoring? I think mine do (HSBC) at about 7% or thereabouts. Obviously they might not be on the suppliers list, but, it's a bank innit. Safe as houses.

Not on the Framework, but interesting idea.

[doomage]

Does your bank offer factoring? I think mine do (HSBC) at about 7% or thereabouts. Obviously they might not be on the suppliers list, but, it's a bank innit. Safe as houses.

[Old Greg]

Thanks guys. Useful to have some benchmarks. Need to agree terms over the next couple of days and then potentially reboomed.

[Wanderer]

I want to keep their margin down to a minimum. What is the panel's view / experience of what is manageable? I'm thinking 9%.

My agency is on about 7%, they are a preferred supplier to a medium sized client

[bobspud]

I have some work on offer from a previous NHS client. I need to go via a supplier on a framework.

I want to keep their margin down to a minimum. What is the panel's view / experience of what is manageable? I'm thinking 9%.

my friend offered me 6% for factoring only.

[Moscow Mule]

I have some work on offer from a previous NHS client. I need to go via a supplier on a framework.

I want to keep their margin down to a minimum. What is the panel's view / experience of what is manageable? I'm thinking 9%.

9%??? Does being on the NHS framework give them an automatic right to screw you?

Agencies that have done this for me before have not asked for more than 5%, and that was only one - the others have been 3%ish.

The one I'm using it at the moment is doing it for 0% because the bank put so much temp business through them.

[Old Greg]

I have some work on offer from a previous NHS client. I need to go via a supplier on a framework.

I want to keep their margin down to a minimum. What is the panel's view / experience of what is manageable? I'm thinking 9%.