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Written by: Jonathan Munnery
We were contacted to assist a large engineering business to secure funding. With a turnover of £16m, the business specialised in metal fabrication and installation for the food and petrochemical sectors.
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Start The 60 Second TestThe company already had an existing Invoice Finance agreement in place; however, their provider gave notice of six weeks on the facility so it was vital that another lender was found quickly. It was at this stage that we were contacted and tasked with finding a new provider who would be able to step in before the company’s current financial agreement ended.
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A new lender who was able to provide a suitable credit facility was identified, the application process was entered into and funding was secured.
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We also provided a review of the company’s current debtor position and offered tailored advice and support. Furthermore, we are providing an ongoing credit control support service to the company to ensure same problems do not occur in the future.
Still unsure whether liquidation is right for your company? Don't worry, the experts at Real Business Rescue are here to help. Our licensed insolvency practitioners will take the time to understand the problems your company is facing before recommending the best course of action going forward based on your own unique circumstances.
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