The BBC reported Toys R Us has entered US bankruptcy. Falling sales, heavy losses, mishandling of sectoral changes: new channels, competition, and new technology, and a mountain of debt ($5bn) have led to its downfall.
Its private equity buyout saddled it with $5bn of debt that was unsustainable and costing the company $250m per annum, and the biggest reason for its demise according to an investor.
Better cash management would have helped the company - including use of single invoice finance.
What is single invoice finance?
Cash for Invoices Limited offers single invoice finance (sometimes called spot factoring or selective invoice finance) - a type of debt factoring that has key advantages over conventional debt factoring and invoice finance: