Invoice discounting improves marketing firm's cashflow

Industry: Marketing

Product: IDeal

Facility size: £300,000

This marketing company based in the north of England wanted faster access to working capital. Although their customers typically paid invoices promptly, usually within 6 weeks, they recognised that being able to access this cash immediately would greatly improve cash flow within the business. They therefore decided that invoice discounting could benefit them.

The firm had previously been a Close Brothers client, and our common-sense approach, combined with our commitment to working with businesses through their ups and downs, meant that they were keen to work with us again. Once they had contacted us, we were able to give them access to a suitable facility within an effective timeframe.

The high level of flexibility and service that Close Brothers Invoice Finance has been able to offer this client is a highly valuable. It has enabled them to react to the marketplace, whilst managing cost saving efficiencies and wider investment in the business.