Print finisher gets back on track with Invoice Finance

This business specialises in print finishing and provides its services to clients based in the UK, USA and the EU. Having relied upon a high street bank for its Invoice Finance needs so far, its future was suddenly jeopardised when the bank pulled out of the market, leaving the business without a facility, and thus considerably restricting its access to cashflow and the ability to pay wages.

A quick-thinking lender and the right solution

Turning to Introducer Adam Simpson of Silkstone Consultants Ltd, the business was referred to Ultimate Finance. Adam says, “I have worked with Ultimate Finance for a while now, and together we have provided businesses with much needed tailored funding solutions, so I was certain that they could act quickly and provide the right facility for this business to stop the situation from becoming overwhelming”.

Ultimate Finance tailored a £150k Invoice Finance solution to reestablish direct and seamless access to cashflow based on invoices yet to be paid so that overheads and supplier payments could still be met on time. Regional Director Adam Myers says, “At Ultimate Finance we specialise in providing asset-based solutions to businesses that directly target unique needs and pain points. We take the time to understand the ins and outs of each business and tailor a facility that delivers both the funding and the additional support needed via the help of an expert team of Relationship Managers”.

Combining funding solutions to maximise access to cash

Not only was the business dealing with the sudden loss of its existing lender, but around the same time its long-term printing partner went into administration, meaning that it had to bring back this side of operations in house. Adam M continues, “This was another unexpected pain point for the business, and it came at a massive cost in terms of time, logistics and money. Thankfully, we always look at the wider picture to find ways to unlock as much funding potential as we can via our range of solutions, and so we were able to provide an additional £150k in funding through a Cashflow Loan to help plug the hole this would have caused”.

Adam S says, “Ultimate Finance provided the best funding solution to the client for its next phase of growth. The Cashflow Loan facility is instrumental to this, with the additional cash it generates enabling the business to take advantage of opportunities as and when they arise”.

With the funding in place, the business is looking to capitalise on its recent acquisition of another company, looking to launch a new product range to complement its current offering and grow its turnover.