About Us
Commercial Factors & Finance Ltd is an independent family owned business that has been successfully helping other New Zealand businesses since 1989. We have an experienced and dedicated team that look for solutions rather than problems. We offer a flexible and efficient service with a high level of responsiveness to best meet the needs of our clients.
We provide Invoice Finance tools including factoring and invoice discounting as well as debtor management services. In addition we offer stock and import-export funding facilities, and business loan facilities through our sister company, Commercial Finance and Securities Ltd.
Our solutions work for all businesses that provide credit to their customers and from time to time experience cash flow or time constraints.
Our fees start at 2.5% and are dependent on the credit terms you offer to your clients and the length of time it takes to receive payment from debtors.
We have a cost effective solution to the challenges many businesses face. We compete on flexibility and service. Our commitment is to our clients, not shareholders, and as a family owned business we go the extra mile to ensure your objectives are met.
Our key team members:
Marty Haydon Bcom BSc General Manager
Marty joined Commercial Factors & Finance in 1992 and has a thorough knowledge of the New Zealand Factoring, Discounting and Finance industries. He has a Bcom in Accounting and Economics, a BSc in Mathematics and is a Microsoft certified systems engineer. Marty firmly believes in the importance of client/customer satisfaction, ''It is an integral part of any mutually beneficial factoring relationship, without it we can not help our clients make the best use of the resources we provide them.''
Mike Haydon Bcom Finance Manager
Mike's experience and expertise is broad and covers all areas of Financial and Management Accounting. He has previously worked in a demanding CA environment but now takes pride in seeing his primary role as developing the appropriate financial solutions to meet the needs of a variety of businesses from diverse industry groups.
Peter Appleford Debtor Administration Manager
Peter comes from the banking sector where he worked for over 20 years, 10 of which were in senior management positions. He brings a customer first ethic to the role. Peter manages a team of experienced debtor administrators who working within the parameters set by clients is able to consistently exceed expectations.
Maria Fenwick Office Manager
Maria joined Commercial Factors & Finance in 1993 and comes from the banking sector where she worked for more than 10 years. Maria oversees all data input and ensures the accuracy of information that is posted into the ledger accounts of individual clients. She encourages close client communication and is able to respond promptly to any requests that individual clients may have.
Simon Thomson BCA Business Development Manager
Simon has held senior management positions in Asia and New Zealand and offers experience within finance and business development. His special interest is in the development of start-up companies and turn around management and he sees Invoice Finance as a key business driver in achieving these goals. Simon has strengths in analysis and strategy and has tertiary qualifications in Finance and Marketing.
Terry Haydon Bcom Consultant
Terry has spent much of his career involved in the financial markets gaining considerable experience in merchant banking, the money market and traditional finance house activities. Management positions culminated in his appointment to Managing Director of the Broadlands / Broadbank Group from 1982-1986. Before entering the finance sector, he was employed by a national firm of Chartered Accountants. He first became involved in factoring as the Christchurch branch credit manager and then as accountant for Pacific Factors Ltd (the then factoring arm of Marac Finance Ltd) in 1972. Prior to being instrumental in the establishment of Commercial Factors Ltd in 1989, Terry undertook consultancy work for Fay Richwhite and was employed by Citibank to establish the consumer lending division within New Zealand.