A textile manufacturer faced uncertainty over future funding lines, due to its existing bank-owned factors unwillingness to continue funding the export ledger. They were rapidly reducing their exposure to the business, which was causing a cashflow headache. Through our continual dealings, good reputation and strong relationships with the factoring and invoice discounting community, we were able to quickly identify an independent factor who was keen to work with the firm and partner the business.
Our team presented two alternative recommendations to the directors and with our help a £500,000 CID facility was offered which secured their long term future.
20th February 2017 Small companies throughout London are worried about the prospect of seeing significant rises in business rates increase their overheads.
15th February 2017 The growth of what has become known as the gig economy is costing HMRC in the region of £75 million in lost tax revenues every week, it has been claimed.
14th February 2017 Growth in the UK economy will slow down considerably over the course of this year and next, according to the European Commission.
14th February 2017 The Co-operative Bank has been put up for sale in its entirety four years after it came perilously close to collapse before being acquired by US hedge funds.
9th February 2017 Notably strong consumer spending helped to keep the UK economy on track in recent months despite the ongoing uncertainty surrounding the country’s exit from the European Union.
Every day we help companies just like yours turn things around against seemingly impossible odds, regardless of your situation we can help. Find your nearest office today.