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.