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Mechanical Building Services Contractors - Supplier Finance

Sector: Building & Construction | Value: £0
Equipment type: Supplier Finance | Term: Revolving

This long-established business needed help finding a finance solution.

Problem:

The business had incurred high value bad debt and also sustained lossed in a key contract. This is a long established business, with strong historic trading figures and therefore previously self-financing.


Approach:

Bathgate met our client to review the circumstances, establish key requirements and understand future plans.


Solution:

Our client key focus was to have and "in case of need" facility in place. Bathgate introduced them to a funder who provide 97% finance against invoices raised, with no need for a debenture or personal guarantee, and allow them to pick and choose which invoices they fund.