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Industry: Wholesale
Product: IDeal invoice discounting 
Facility size: £350k

Based in Scotland, this long-established company supplies a wide range of retail units to businesses across the UK. They provide both wholesale and fully fitted solutions for customers.

The company faced a challenging period during the coronavirus pandemic and, while they had returned to profitability following the lockdowns, they required a working capital facility that would support them going forward.

As part of their ongoing strategy, the SME had three main aims:

  1. To have great cash flow flexibility
  2. To give confidence when taking new orders
  3. To be able to provide better supplier management

After discussing the business’ operations and goals, we suggested that an IDeal invoice discounting would suit their requirements well. We structured the facility to allow flexibility for ledger growth with immediate working capital availability.

As the business uses Sage accounting software, they benefit from IDeal’s auto-reconciliation and live view functions, saving them time and making it easier to manage their funding facility.

Our invoice finance solution has helped this business overcome cash flow challenges and plan for the future. By creating a sustainable and flexible finance structure that will grow with the business’ turnover, we were able to give them the longer term confidence they were aiming for.

Contact us

Close Brothers Invoice Finance
Ridgeland House
165 Dyke Road, Hove
East Sussex, BN3 1UY

T: 0127 305 9530 *

*Freephone from landlines

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