A new client had achieved significant growth, helped by its online presence. There was a need to review working capital options to assist in funding the continuing expansion and accommodating a longer working cycle, due to overseas trading terms.
We met the client to understand the business and to advise on finance options. With increased sales to online wholesalers and a new contract with a major retailer, we suggested invoice finance.
We introduced an invoice financier who could provide funding without the need for personal guarantees and who could give approval despite the lack of trading figures. The same funder had an accountancy function so was also able to assist the client in preparing management accounts.