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.
29th March 2017 Leaders from across the UK’s food industry have outlined some of their concerns about the potential damage that a bad Brexit deal might do to their operations in the coming years.
23rd March 2017 The incoming changes to the business rates regime in the UK are already taking their toll on small businesses throughout the country.
22nd March 2017 Companies within the UK’s construction industry could lose as much as 8 per cent of their workforces on average as a result of Britain’s departure from the European Union (EU).
10th March 2017 The tax burdens faced by pubs throughout the UK are threatening the survival of the entire industry, according to the boss of one of the largest pub chains in the country.
8th March 2017 The Chancellor has announced his 2017 Spring Budget featuring some changes which will affect businesses up and down the country. Find out more about what Phillip Hammond unveiled today.
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