Speaking from experience
Find out how our services have recently improved the cash flow management for a variety of businesses.
Sector: Digital printing
Facility: Recourse Factoring
Funding line: £20k
This digital printing company with a turnover of £140k was looking to reduce their financial reliance on their bank loan and overdraft, and to improve their cash flow management with the right factoring facility. Having not used factoring before, they wanted a facility that was easy to understand and where funds would be released quickly. Cashflow UK took this on board and found them an independent invoice finance provider that offered a simple all-in fee structure. The company was very impressed by the speed at which the facility was set up, with funds being paid out less than a week after the deal had been introduced.
Sector: Recruitment consultancy
Facility: Recourse Factoring with payroll facility
Funding line: £100k
This recruitment agency focuses on placing temporary workers in construction contracts and has an annual turnover of £600k. They had been funding the business through credit cards which was proving to be neither cost effective nor sustainable. They contacted Cashflow UK for advice on the best funding facility for their business, with their main priorities being a smoother cash flow and the ability to cut down the management time that was being spent on administrative tasks. Cashflow UK found a specialist recruitment factoring facility with a funding line of £100k and an add-on payroll service. With 100% funding against invoices as soon as they are raised, the company has now relieved the cash flow pressure of paying temporary candidates weekly and has also regained the time spent administering payroll which can now be used to drive the business forward.
Sector: Timber distribution
Facility: Disclosed Invoice Discounting
Funding Line: £400k
This client specialises in the distribution of timber products to retail outlets including DIY stores.
They had been using confidential invoice discounting but the relationship had broken down because the incumbent funder no longer found the sector favourable and it seemed that debtor days were increasing The client was therefore advised to find a new facility and was keen to maintain control of collections.
Cashflow UK introduced two potential funders and the client selected an independent funder who agreed a disclosed invoice discounting facility on more flexible terms than they had been experiencing by increasing the facility size and giving a reduction in fees.
The facility has now been running with the new funder for over 6 months and the client is very pleased with how well the relationship is working.
