Specialist manufacturer secures bespoke invoice finance solution to drive growth

Industry: Manufacturing

Product: Invoice finance and Growth Guarantee Scheme top-up

Facility size: £2.6M

The client

This specialist manufacturer has decades of experience delivering components for major infrastructure projects, including Crossrail. The business had successfully navigated multiple economic downturns and was now entering a new phase of growth, driven by succession planning and ambitious development goals. With the number of complex projects increasing, the company needed a funding solution that could keep pace with its expansion.

The challenge

The company was already familiar with using invoice finance to support cash flow, a common approach in the manufacturing sector where long payment terms can tie up working capital. By releasing cash from unpaid invoices, this type of finance helps businesses cover day-to-day costs, invest in operations, and keep production moving without waiting for customers to pay.

However, the company had outgrown its existing facility, which lacked the flexibility needed to scale alongside their growth plans. With new contracts secured and ambitious development goals in place, they needed a solution that could adapt as the business expanded. Without this, there was a real risk of slowing progress and delaying long-term objectives.

The solution

Close Brothers Invoice Finance worked closely with the client’s broker and financial advisers to understand the nuances of their situation. Rather than offering a one-size-fits-all product, we designed a bespoke facility that addressed both immediate cash flow needs and future ambitions.

The solution combined a £2.6 million invoice finance facility with a Growth Guarantee Scheme (GGS) top-up. The GGS, backed by the British Business Bank, provides additional access to funding for businesses looking to expand and grow.

This flexible structure was built to evolve alongside the company, ensuring they had the resources to seize new opportunities and keep long-term plans firmly on track.

The result

The tailored funding package unlocked vital working capital, enabling the manufacturer to invest in operations and confidently pursue growth. What could have been a challenging time instead became a springboard for expansion.

This case demonstrates how a flexible, bespoke approach can keep businesses moving forward. By structuring a solution that evolves alongside the company, we ensured they had the resources to seize opportunities and build for the future.