 |
|
|
|
|
Long established industrial
manpower agency - £400k turnover. (South east) |
|
|
The existing bank owned factor imposed a financing limit on
the major customer, despite their blue chip status, to the extent that every month
it was uncertain whether the contractors could be paid. We sourced a non-recourse
facility with no funding restriction at a lower cost.
|
| Electrical Supplies Business -
£4m turnover. (Midlands) |
|
A large independent was providing recourse CID. The Client
was unhappy with communications and attitude of the factor, and was buying credit
insurance separately. We sourced an alternative independent that was keen to do
business - we arranged a package including bad debt protection, which has simplified
administration for the Client and reduced the overall cost.
|
| Start-up Accountancy staff agency
(North) |
The owners of this new business were
seeking a combined factoring and back-office but were unhappy about the cost and
complexity of sourcing these separately. We sourced a combined package from one
provider, which cut the cost in half.
|
| Freight Forwarder - £1.2m
turnover. (South) |
The existing factor's facility was
restrictive and unable to meet the company's short-term cash needs. We sourced
a package combining factoring with a £30k additional cashflow facility.
|
| Temporary Care Staff - £300k
turnover (South West) |
The existing factor could not support
the business through a short-term cashflow problem. We sourced a new package which
resolved the immediate problem and provided an over-payment to buy another business.
|
| Fresh Produce Supplier - £150,000
turnover (South East) |
Introduced to us by their accountants,
this business was looking for a cost effective way to finance their growth without
giving personal collateral to their bank. The business produces a high number
of invoices, selling to many small customers with low credit ratings so finding
the right provider was essential. We introduced an independent factor that was
able to offer a very competitive package, allowing the business to grow rapidly.
Back to top
|
