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IT Equipment for New Start Data Base Company - London
Total Facility - £125,000
Product - Leasing
This new start company had arranged its initial Equity and working capital finance but was unable to find anyone to assist them with the purchase of specialised Servers and Software licenses. We were able to split the requirement between 3 different Leasing companies who were more comfortable writing lower value leasing proposals.
Printing Press for Southern Based Printer
Total Cost - £570,000
Product – Hire Purchase
Our client had historically used mainstream Leasing and Hire Purchase companies to fund his Capital Equipment programme. We were able to introduce them to a Print Finance specialist that was able to secure a more attractive Hire Purchase rate for our client.
Refit costs for Shrewsbury based Nightclub
Total Cost - £75,000
Product – Hire Purchase
Our client had acquired a performing nightclub, and needed £75,000 to assist them with the refit of the club. Through our Asset Finance specialists, we were able to provide them with the facility they needed to have the club ready in time for the Summer season.
Import & Distribution of Promotional products - Hertfordshire
Turnover - £9,000,000
Total Facility - £4,000,000
Products – Invoice Discounting, Import Loan, Letter of Credit and Bank Overdraft
The Business Bureau was appointed to find a suitable replacement to our clients existing Working Capital, Trade Finance and Banking facilities. In conjunction with a specialist Banking Group we were able to provide our client with a more flexible facility method of importing their product from the Far East that was then supported by an Invoice Discounting facility when they had sold the goods. By having the 2 facilities running in conjunction we were able to save our client tying up funds when they were issuing Letters of Credit, as this was supported by the Invoice Discounting facility.
Paint Manufacturer – West Midlands
Turnover £18,000,000
Total Facility - £4,600,000
Following a buy out from administration the Business Bureau were able to introduce this long established paint manufacturing business to an Invoice Finance company who were able to not only implement a working capital Invoice Discounting facility, but were able to leverage against the companies stock and property. The additional cash flow has enabled this business to rationalise itself and continues its growth. The overall facility was for £4.6m split between Invoice Finance, Stock Finance and Property Finance.
Importer of Women’s Clothing – West London
Turnover - £5,200,000
Product – Confidential Invoice Discounting with Bad Debt Protection
The Business Bureau were approached by our client bankers to see if we could assist in finding a working capital solution for this well established importer of women’s clothing. Their existing banking facility was unable to cope with the seasonality of this business, and was restricting growth. Having got a full understanding of how the businThe Business Bureau were approached by our client bankers to see if we could assist in finding a working capital solution for this well established importer of women’s clothing. Their existing banking facility was unable to cope with the seasonality of this business, and was restricting growth. Having got a full understanding of how the business operated, we were able to find an Invoice Finance company keen to work with our client, recognising the issues around seasonality. In spite of selling into the top UK clothing chains, the company now has a facility where all its debts are Credit Insured.
Electrical Contracting – Midlands
Turnover - £300,000
Product – Construction factoring
In partnership with our specialist Construction Factoring Company we were able to provide our client with a solution to their cash flow problems. The business had outgrown its Bank Overdraft, and our Recourse Factoring facility released another £35,000 for the business to assist them with their growth.
Roofing Supplies – Portsmouth
Turnover - £900,000
Product – Factoring
Our client was new to factoring and was concerned about the reaction he would get from his customers. He believed that many of them would have outdated views about Factoring and Invoice Finance. We were able to reassure him and since he has started Factoring, he has seen his turnover increase by 30% in 3 months. Our customer is now able to offer his customers trade terms in line with his competitors. A Recourse Factoring facility has helped this new to factoring business.
Cosmetics & Beauty Business – Glasgow and London
New Start – Expected sales of £900,000
Product – Factoring with Bad Debt protection.
Our client has recently opened 2 concessions within a multi national department store selling new innovative Beauty Treatments and Cosmetic products. Having only a single customer we were able to offer our client a factoring solution that allowed them to fund the growth of the business without any restrictions on a Single Debtor ledger.
Healthcare Recruitment – South London
Turnover: £1,600,000
Product: Factoring – With Bad Debt Protection
Relatively new, fast growing company in the Social Healthcare sector. Their existing Factoring Company were proving very restrictive and unwilling to increase its “high involvement” limits. We were able to provide them with a factoring solution that allowed them a 100% concentration with any of their Credit Insured customers, and at a lower cost than their previous facility.
