Speaking from experience
Cashflow UK are experts in helping financial intermediaries find the right finance facilities to match the individual business needs of their clients. Find out how our services have recently improved the cash flow management for Countyclean Environmental Services Ltd.
No time to waste
Countyclean Environmental Services Ltd, a company focussed on providing innovative and affordable waste management services, were already using an invoice discounting facility with a national bank.
Managing Director Mike Walker was originally attracted to invoice finance knowing that his business cash flow would be kept in order, however he was unimpressed with the impersonal relationship the bank offered and the lack of communication with a decision maker.
He therefore came to Cashflow UK for assistance. After establishing the challenges the business was facing with their incumbent provider and assessing their financial needs, Cashflow UK set them up with a smaller, more service orientated bank facility. Within the space of a month not only did Countyclean have a replacement facility that met their needs and service expectations, but they also negotiated a £50k overdraft facility with the bank.
Commenting on Cashflow UK’s involvement Mike Walker said, “Cashflow UK helped by putting us in touch with a more personalised provider that would be more reactive to our funding and service needs. There was a smooth transition between providers and we even met the whole account team who ensured that we understood their systems and processes.”
The business has seen significant growth over the past 3 years since initial conception. Commenting on the challenges that he faced, Mr Walker said, “We built the company from the ground up without any traditional forms of funding from the banks which can often be a challenge for start-up businesses. This stunted our growth opportunities as it was a real challenge to grow organically”.
With long term and stable funding now in place, Countyclean Environmental Services is expecting double digit growth for the coming year and is confident that the future is very bright indeed.
Cashflow UK are the country’s leading finance brokerage specialising in factoring and invoice discounting and their specialist team of financial experts are able to offer impartial advice and find your client the best provider.
If you have a potential client situation, contact Cashflow UK today on 0800 132 156.
