Funding for the manufacturing industry

Ultimate Finance specialises in providing bespoke funding solutions proven to help businesses in the manufacturing industry keep moving. Asset-based lending provide access to the liquidity companies need to meet their ambitions, whether it is for sustained growth, a boost in working capital or simply to keep trading through economic challenges.

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The manufacturing industry in the UK

The UK is currently the ninth largest manufacturing country in the world and currently accounts for 2.7 million jobs and 45% of total exports.*

With 43% of business owners in the industry saying they want to plan for growth but are being restricted by uncertain and unstable times, and 84% agreeing that climate change and the drive for a carbon neutral future are presenting opportunities for transformation*, Ultimate Finance can provide the funding solutions key to unlocking further potential through the provision of Working Capital Finance and Asset Finance.

*UK Manufacturing Statistics, The Manufacturer

Businesses operating in the manufacturing industry

Businesses operating in the manufacturing industry include, but are not restricted to:

Aerospace
Automotive
Chemical and Pharmaceutical
Construction
Defence and Security
Electronics
Energy and Nuclear
Food and Drink
Plastics
Textile

How asset-based lending can help businesses in the manufacturing industry

All businesses share a common need for cashflow to keep moving and help them meet their growth ambitions, and it can be difficult to manage due to regular costs such as rent, leases, wages, supplier invoices and other costs associated with manufacturing equipment and technology.

Asset-based lending solutions can help relieve financial pressures by improving access to day-to-day cashflow, bridging the gap created by lengthy payment terms or even providing funding upfront for expensive machinery and vehicles that can make the difference for a business.

Working Capital Finance solutions

Ultimate Finance’s tailored Working Capital funding facilities provide revolving access to the cash tied up in invoices yet to be paid, through Invoice Finance and specialist facilities such as Construction Finance, Trade Finance and Recruitment Finance.

Funding up to £7m with cash in account within 24 hours of raising invoices or applications for payment
Factoring and Discounting, disclosed and confidential options, with possibility to add on Debtor Protection
Up to 95% pre-payment
Dedicated specialist Relationship teams
24/7 account management via online portal
Rated 4.9/5 on Trustpilot

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Asset Finance solutions

Ultimate Finance’s Asset Finance solutions make it easy to get the equipment a business needs without the large upfront costs.

Up to £1.5m per customer, £500k per single asset, with cash available within as quickly as one working day
Finance available for a variety of assets, including vehicles, equipment, construction and machinery
Terms from 12 to 60 months
Hire Purchase, Leasing and Refinance options
Easy to manage fixed repayments help with cashflow management
Rated 4.9/5 on Trustpilot

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Structured Finance solutions

At Ultimate Finance, we are experts at creating fully tailored solutions that provide funding against a mix of assets such as receivables, plant and machinery and / or property, which we call Structured Finance. Through our funding expertise, our experienced Deal Team packages it all in one structured solution with access to a single point of contact to keep it straight-forward – it’s complex finance made easy.

Funding up to £10m
Multi-asset solution
No restriction on single line assets
Dedicated Relationship Manager across entire facility to keep things seamless

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“Ultimate Finance has been supporting businesses in the manufacturing industry for over 20 years with bespoke funding solutions and our award-winning relationship-driven approach. With us, they get access to the funding that meets their particular requirements and the dedicated support of funding experts, skilled underwriters and experienced product specialists strategically placed across the UK to ensure we offer a truly personal service to each client”.

Josh Levy, CEO

Frequently Asked Questions

Our flexibility doesn’t end with our funding solutions: business owners can find out more about our range of funding solutions in many ways, be it through an Introducer (such as a broker, accountant, financial adviser, lawyer, etc), or directly on the phone, via email or our quick online form.

Once we’ve listened to a business’ requirements, we introduce them to the funding that’s right for them and take them through our quick and efficient application process, where we make the most of the latest technologies to speed things up even more through digital ID verification, Open Banking, accounting software integration and electronic signing of documents.
Asset-based lending is a type of financing that is secured on assets, such as receivables, stock, and equipment. This type of financing allows manufacturers to leverage their assets to access the funding they need to grow their business. By pledging their assets as collateral, businesses can often access larger amounts of capital at lower interest rates than they would with unsecured financing options.

Moreover, asset-based lending can provide manufacturers with the flexibility they need to manage cashflow fluctuations. Manufacturing businesses often face long lead times, which can create cashflow challenges as they wait for customers to pay their invoices.

However, as with any type of financing, it is important for businesses to carefully consider all options with a trusted adviser such as your introducer, broker, lawyer, accountant to fully understand the costs and risks associated with any funding solutions before making a decision.
Our flexibility doesn’t end with our funding solutions: business owners can find out more about our range of funding solutions in many ways, be it through an Introducer (such as a broker, accountant, financial adviser, lawyer, etc), or directly on the phone, via email or our quick online form.

Once we’ve listened to a business’ requirements, we introduce them to the funding that’s right for them and take them through our quick and efficient application process, where we make the most of the latest technologies to speed things up even more through digital ID verification, Open Banking, accounting software integration and electronic signing of documents.

Get funding for your business

If you would like to talk to us about any funding needs, call us on 0800 121 7757 or request a quote for your manufacturing business today

Request a quick quote