CHOCCS Factoring

What is CHOCCS?

CHOCCS stands for Client Handles Own Credit Control, and works in much the same way as a disclosed factoring facility. The key difference is in the name, in that it is the client’s responsibility to collect payment from their customers, enabling the business to retain and continue building its key relationships.

The facility allows businesses to access up to 90% of their invoices within 24 hours of their issue, helping to overcome the cash flow challenges posed by trading on credit terms. This funding can then be used to pay suppliers on time and meet a variety of other day-to-day commitments, such as paying wages.

Like other factoring and invoice finance facilities, bad debt protection can also be incorporated to provide additional peace of mind.

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How does CHOCCS work?

  1. Your business raises an invoice
  2. The CHOCCS factoring company advances up to 90% of its value
  3. You conduct your own credit control as usual
  4. The remainder of the invoice value is made available to you once payment is received, less the CHOCCS factoring company’s fees

Is CHOCCS the most suitable facility for my business?

One of the key advantages of factoring and invoice finance as a whole is that facilities can be adapted to suit a range of businesses’ requirements. To help in your funding search, it is important to consider each of these variations to help identify the most suitable facility.

For instance, would you rather keep control of your credit management, or might you benefit from the factoring company’s expertise? Would bad debt protection be useful? Would you prefer for the facility to be provided on a confidential basis?

At Hilton-Baird, we have vast experience at matching businesses’ specific funding requirements and preferences with the most suitable funding facilities on the market, providing the means for them to grow and achieve their objectives.

To discuss how we could help your business too, please call our team on 0800 9774833 or email

Factoring is ideal for my type of business as the large orders can come unexpectedly, whilst they also vary in frequency depending on what season we are in. I now don’t have to worry about not being able to pay my suppliers before receiving my own customers’ payments.

Phil Page, Managing Director, Logotek Promotional Merchandise Ltd

Funders we work with

  • Henry Howard Cashflow Finance
  • Shawbrook Business Credit
  • Partnership Invoice Finance
  • Metro Bank SME Finance
  • Secure Trust Bank
  • Davenham Trade Finance
  • Davenham Asset Finance
  • Outsauce
  • Asset Advantage
  • Creative Capital
  • Royal Bank of Scotland
  • Barclays
  • Ashley Commercial Finance
  • 1pm
  • IGF Invoice Finance
  • Innovation Finance
  • Skipton Business Finance
  • Lloyds Bank Commercial Finance
  • Team Factors
  • Bibby Financial Services
  • Hitachi Capital Invoice Finance
  • Positive Cashflow Finance
  • ABN AMRO Commercial Finance
  • Regency Factors
  • Woodsford Tradebridge
  • Invoice Cycle
  • Pulse Cashflow Finance
  • Everline
  • Roma Finance
  • Investec
  • Santander Corporate & Commercial
  • Leumi ABL
  • Market Invoice
  • Nucleus Commercial Finance
  • Working Capital Partners
  • Calverton Finance
  • Aldermore Invoice Finance
  • GapCap Cashflow Finance
  • PNC Business Credit
  • Ultimate Finance Group
  • Catalyst Finance
  • Platform Black
  • Close Brothers Invoice Finance
  • Trade Finance Partners
  • Spotcap
  • iwoca
  • Assetz Capital

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

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