Funding for Growth - Haulage & Distribution Turnover: £1.5m

Deal type: Funding for Growth Industry Sector: Haulage & Distribution Turnover: £1.5m

A successful Scottish haulage, storage and distribution business with a dedicated team focused on customer services issues. It had a very well established customer base and an excellent name for delivering on time.

A few finance director identified a cash flow problem which was preventing the business from taking on large contracts and growing to its full potential. With several new contracts worth £1m secured with blue chip clients a more flexible funding solution than the bank could proved was required.

We were able to source an invoice discounting facility with an advance level of 85% giving the company the liquidity it needed to invest in new vehicles and fund its working capital needs for the future.

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Our Partners

RBS
Bibby Financial Services
Skipton Business Finance
Metro Bank
Close Brothers Invoice Finance
Ultimate Finance Group
Ashley Business Finance
Shawbrook Business Credit
Factor 21
Working Capital Partners
Catalyst Finance
Market Invoice
Platform Black