Bathgate arranged an invoice finance solution for this business.
The business had a negative net worth due to the build up of historic losses, although action was taken to correct this, which was reflected in the profit earned in the last 12 months.
Bathgate discussed both unsecured finance and invoice finance, with the aim to both assist the current cash flow and provide a facility to assist with growth.
The client decided to take the invoice finance option, providing an immediate improvement in cash-flow, without impacting their monthly finance payments. Continued increase in sales will see additional funding generated.