Insulation (Whalley) Ltd
Established in May 2016, Insulation (Whalley) Ltd was set up in order to work in the government backed Eco scheme. Trading as Insulation King, the company directors wanted to take advantage of significant funding being put into energy efficiency through the scheme, and knew the growth potential was big.
The Eco scheme is designed to allow consumers to greatly improve the energy efficiency of their homes. This is typically achieved through the installation of modern boilers, and improving insulation in homes. Insulation King provide room in roof insulation and loft insulation to help their customers reduce their energy bills and become more energy efficient.
Directors Sean and Mark saw the potential in this market, but faced a problem with how to grow their business. Extended payment terms from a key debtor were hindering growth plans. By advancing 70% of the invoice value, Creative Capital have allowed Insulation King to grow from turning over £20,000 per month, to £50,000 per month, in only one quarter. Original projections showed this would have taken at least 12 months without funding.
“The injection of money from Selective Invoice Finance has allowed us to grow the business at a faster rate. With a relatively low charge, the simplicity of the whole process makes life very simple. As we continue to grow as a business, Selective Invoice Finance will continue to play a large part in our growth plans”.
Mark Friend – Director, Insulation (Whalley) Ltd T/A Insulation King
Selective Invoice Finance has proven to be a flexible, simple and cost effective way of maximising cash flow to enable growth. To find out more about how Creative Capital can help you, contact us today.