Case study

IT start-up business begins journey to success with Invoice Finance

Invoice Finance

IT start-up business begins journey to success with Invoice Finance

Xexos is a new start IT business trading in the IT reselling market and catering to both public and private companies. With orders now coming in. it was looking for a funding partner to assist with costs associated with launching a business and servicing customers.

The directors were introduced to Ultimate Finance’s Regional Director Chris Mitchan by Belinda Roughton from Invoice Finance Solutions Ltd, with whom Chris has worked for over 20 years now.

The team at Ultimate Finance tailored a £125,000 Invoice Finance solution paired with Debtor Protection to provide the financial help the business was looking for alongside an additional safety net and breathing space as it takes on new customers.

But beyond the funding solution, it was Ultimate Finance’s personal approach and refreshing way of doing business that made a lasting impression.

“It was important for the team at the business to partner with an experienced funder that could help them meet their ambitions. Thanks to our local presence, we were able to arrange several meetings to get to know the business and its people, and the directors were able to visit our offices to meet who would become their Relationship Manager and be assured that they would be a great fit. Going forward we will very much be operating as a partnership, so it was important for all of us to give the relationship a perfect base to start from”.

With the facility now in place, Xexos is looking forward to moving in the right direction as it continues to trade with existing customers and takes on new contracts on its journey to success.

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