Speaking from experience - Strike IT
Strike IT Services Limited are specialist providers of IT recruitment solutions, acting as a consultancy and resourcing business focused on providing both permanent and contract opportunities worldwide. Established eight years ago, the company currently has offices sited in Weybridge, Surrey and the City of London.
Managing director Jonathan Strike looked to invoice finance as he favoured the “flexible and efficient” service it can provide compared to other forms of funding such as bank loans or overdrafts which are unable to offer personal and dedicated account teams.
He has been using Cashflow UK since 2005 to help identify the appropriate invoice financier that can provide the facilities best aligned to the changing needs of his business. Cashflow UK appreciated that Jonathan valued the benefits of invoice finance and was keen for additional finance to support the growth of his company, but understood that he wanted to retain control of the administration of his sales ledger.
Jonathan says: “Taking the time to learn about the business means Cashflow UK has been able to effectively assign the appropriate invoice financier which can meet the needs and requirements of the company. Over the last six years, we have used three different providers recommended by Cashflow UK. The invoice discounting facility we currently use allows us to overcome the cash flow issues of managing a weekly pay-roll of IT contractors and solves the problem of funding bottlenecks, while leaving us the freedom to still manage our own invoices.
“Cashflow UK has always supported us in finding the invoice financier who can provide us with funding that matches the company’s rate of growth. Since 2005 the business has expanded and as a result so has our cash flow - the value of our relationship with Cashflow UK is they have a clear understanding of what the company does, what finance we need, and which provider can best fulfil that.”
