Industry: Transport and haulage
Product: Confidential invoice discounting
Facility size: £1,365,000
Trading since 2014, the business initially focussed on temporary recruitment in the logistics industry, before expanding to include their own fleet of transport vehicles. Over the years, they have built strong relationships with key distribution companies across the UK.
Their financial performance has been exceptional in the last two years and the owners have strong ambitions for future growth.
To facilitate this, the business sought to make a switch from their existing invoice finance provider to Close Brothers Invoice Finance, as we were able to offer a more flexible, bespoke solution, combined with high levels of customer service. Our funding experts took the time to understand their needs and were able to make the switching process smooth, and without interruption to their business.
This new facility has enabled the business to eliminate any cash flow pressures, whilst giving them extra working capital headroom to facilitate their growth plans. Our high levels of customer service has given them extra confidence that they will receive the level of support they need as they pursue their ambitious goals.
