Speaking from experience - Future Looks bright for One Optical Ltd
One Optical Limited designs, manufactures and supplies prescription lenses and frames to independent opticians across the UK, as well as supplying products to its sister company, Oscar and Fitch – an affordable fashion eyewear boutique founded four years ago.
The company was frustrated by the restrictive funding limits set by their existing provider which were holding back their new product development and expansion plans.
Having found Cashflow UK through recommendation, Managing Director Andrew McDonald, enlisted their services in his quest to find a new provider.
Cashflow UK took the time to really understand the financial needs of the business and listened to the frustrations sited by Andrew with the existing provider. They were then able to match the business with the most appropriate provider to support them in achieving future ambitions.
Cashflow UK set up an invoice discounting facility with a funding line of £250k with a new provider and facilitated a smooth transition between funding facilities. Andrew says, “I was really impressed with the high quality and thorough service we received from Cashflow UK. They listened to our needs and future plans and made sure the new provider was able to meet these and also fitted in well with the ethos of our business.
“Our new funder goes out of their way to help when needed, providing us with a seamless, hassle free service. Our previous funder was unsympathetic towards SME businesses like ourselves and we needed a lifeline which CUK was able to find”.
Confident in the funding that is now in place, One Optical Limited are rebuilding the wholesale side of their business and are looking to produce innovative new products. The forecast turnover of the business is £1.6m.
