Fire Sprinkler business reignites growth with Construction Finance

Indigo Fire Systems Limited is a fully certified fire sprinkler contractor based in Hampshire and servicing London and the South East of England. The business operates in the residential and domestic sector, working with institutions such as care homes and student housing, for which it provides designing, installing and maintaining services.

Finding the right funding partner

Unhappy with the levels of service and volumes of work required by an existing lender, the business turned to introducer Callum Scott at Winchester Corporate Finance to find a more suitable funder that could better help it meet its growth ambitions. Callum explains, “The team at Indigo Fire Systems have built a very successful operation, and they came to realise that the reliance on a lender with increasingly difficult processes and reducing appetite was becoming a hinderance to growth”.

Having already introduced six funding facilities from Ultimate Finance to businesses this year, Callum turned to Senior Regional Director Matthew Speed to discuss the funding requirements of the business. Matthew says, “At Ultimate Finance we strongly believe that long-term relationships are key to supporting SMEs, and that means both with the businesses we provide funding to but also with the Introducers we partner with. Having a strong track record of delivering the right funding to six businesses together, Callum knew that we could provide Indigo Fire Systems with a facility that would meet their needs, both financially and operationally”.

Sector-specific funding solutions that make a difference

Ultimate Finance tailored a £500k Construction Finance solution, ensuring that the business would benefit from an industry-specific form of Working Capital Finance. Matthew continues, “Many lenders on the market will provide a standard Invoice Finance facility to businesses in the Construction sector, and we know that it comes with shortfalls too important to be ignored. Our Construction Finance solutions offer up to £1.5m in funding, provide funding within 24 hours of raising an application for payment and, very importantly, are backed up by the expert service of a dedicated Construction team assisted by a specialist QS partner”.

Callum continues, “Matthew and the team at Ultimate Finance showcased a real understanding for the specific pain points Indigo Fire Systems was dealing with, and they were able to tailor a facility that addresses all of them. As the Introducer, I have been very pleased with the speed and quality of service I have received, and so have the businesses I have introduced to them so far”.

Matthew concludes, “Our mission is to support the ambitions of businesses, and with Working Capital Finance we get to do it in the long-term, which means our Relationship Management team gets to feel like part of the team with each of our clients. With an average client retention rate of 7.5 years and the industry-leading score of 4.9/5 on Trustpilot, we believe that we can do that well and that our approach to business funding really does make a difference”.

With the funding solution in place, Indigo Fire Systems has access to the cashflow it needs to focus on the next chapter in its journey to success as it looks to increase work in Hampshire and the South East.