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Welsh Engineering Company - Professional Introduction

Sector: Engineering | Value: £175,000
Equipment type: INVOICE FINANCE | Term: REVOLVING

We assisted this business in acquiring an invoice finance facility.

Problem:

This was a new business, requiring working capital to fund contracts in place. They had limited finance options due to the sector the company operated in, and to its background.


Approach:

A joint meeting was held with the client and their accountant to review the business plans and forecasts, in particular cash flow. The client was also introduced to a trusted party with regards to legal advice.


Solution:

Bathgate introduced the client to an invoice finance funder who we knew could deliver on providing the necessary facility for both the current needs and future plans.