More case studies...
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A Factoring facility was arranged for a UK-wide recruitment business The business had been experiencing considerable growth and so needed additional working capital and the freedom to focus on the future rather than worry about today.
A full review of the company’s requirements was conducted and, taking into account seasonal fluctuations that the business experiences, a package was tailored with the right lender to meet those needs.
A factoring facility was arranged which provided a needed injection of working capital and ongoing funding as invoices are issued – no waiting for payment. The package, also, included sales ledger management and credit control thus providing for the quick and efficient collection of debts – no time wasted chasing payments.
As a result, immediate cash flow pressures were removed, funding was secured for the future and staff were freed to focus on managing and developing the business.
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A factoring facility was arranged for a sportswear manufacturer in the West Midlands.
Due to the seasonality of its trade along with wider economic pressures, faced an ongoing challenge of making ends meet.
The company’s payments to suppliers, to employees and to HMRC have to be paid on a regular monthly basis – in fact, some suppliers require payment in advance of delivery.
Customers are not so co-operative, some taking up to 3 months to settle their invoices.
A factoring facility was arranged that made 75% of the value of invoices issued available within 24 hours.
Especially when business was at a low point in its cycle, this eased the immediate cashflow pressure. But it has, also, allowed the business to plan for its development with greater confidence.
Still more cases...
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Areas of the UK covered include, Manchester, London, Liverpool, Leeds, Birmingham, Sheffield, Stoke, Bristol, Southampton, Preston, Hull, Bradford, York, Bolton, Stockport, Newcastle, Sunderland, Bath, Norwich, Reading, Telford, Ipswich, Southend, Chester, Brighton, Salford, Leicester
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