Construction subcontractors
Invoice and plant finance for construction subcontractors
The main contractor pays weeks after you invoice. Your team gets paid every Friday.
Versoix is a commercial finance broker. We are not a lender. We work with UK limited companies and LLPs that subcontract in construction.
- No upfront fee. 1% only when you take the funding.
- One person on your case, start to finish.
- If it won't fit, we'll tell you.
Which of these sounds like you?
The main contractor pays weeks after you invoice
Ways to solve it
- Some lenders fund invoices for completed construction work. We'll check yours qualify before we approach them.
- We don't arrange funding against applications for payment or retentions.
The next job needs plant you don't own
Ways to solve it
- We can approach lenders who finance plant, including yellow plant.
Your cash is tied up in machines you already own
Ways to solve it
- Asset finance can pay for a new asset, or raise money against assets you already own.
- We check first whether your business fits, starting with your company number.
- We write one proposal and send it only to lenders whose stated criteria you meet.
- The lender makes the credit decision. You decide whether to take any offer.
What it costs
No upfront fee. A fee of 1% of the funding you take, payable on completion. The lender may also pay us a commission, which varies by lender.
Questions subcontractors ask
Can you fund applications for payment or retentions?
No. We only approach lenders for invoices for completed work.
Can I raise money against plant I already own?
Asset finance can pay for a new asset, or raise money against assets you already own. Whether a lender will do it depends on the machines and your business.
What will you need from me?
For invoice finance, usually an invoice finance fact-find, your last filed accounts and an aged debtors report. The checklist has the full list.
We're a sole trader. Can you help?
We work with UK limited companies and LLPs. If your business is a sole trader or partnership, leave your details and we'll be in touch.
Construction document checklist
What lenders usually ask for, for invoice and plant finance. You can download it without giving us any details.
- Construction subcontractorsView the checklistDownload the checklist (PDF)
Talk to us about funding
We start with your company and check it at Companies House before we ask anything else.
We don't ask for bank statements, home addresses or dates of birth here.
Need funding? Start with a conversation.
Itayi reads every enquiry. If it won't fit, we'll tell you.