News
News
The Yorkshire-based company provides services to major retail and leisure destinations across the UK. Every year it experiences significant but predictable seasonal revenue dips which leads to a cash flow squeeze.
This year they didn’t want this to affect their growth aspirations so they searched for a funding solution which would allow them smooth out cash flow and provide the capital needed to invest in new growth opportunities.
As the capital was tied up in just two large invoices and only a short-term boost was needed, it meant that traditional factoring facilities were not appropriate.
The business was referred to Creative Capital by their advisor who identified that, because we allow clients to choose the specific invoices they want to fund, our approach to selective invoice finance was perfectly suited.
Our Business Development Director in Yorkshire, Martyn Walker, worked closely with the management team to understand their needs and quickly put in place the facility, immediately freeing the capital tied up in the two invoices.
Sam Forshaw, Sales and Marketing Director at Creative Capital, said: “This deal is a perfect example of how our funding is capable of bridging a cash flow gap and helping owners remain focused on growth.
“The client is a strong company in a growing sector, so they didn’t want to tie themselves down to long-term finance agreements or onerous contracts. Our facilities have given them the working capital shot in the arm they need with no lock-in and no hidden fees.
“The fact that it’s our biggest deal to date demonstrates our capability and appetite to support larger funding requirements as well as the needs of smaller SMEs, which benefit greatly from our transparent, transaction-by-transaction approach to invoice finance.”
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