Case Studies - Small Business

Self-employed lorry driver

This self-employed driver works mainly for a single haulage operation. He had annual revenues of around £60,000. He approached us after having been declined factoring services by six factors. Within three days we had secured the self-employed driver a cost-effective factoring solution.

Electrical Contractors

This business was formed to undertake electrical and mechanical contracts for large companies and primary contractors. Soon after trading begun, we were approached by the directors who were concerned that they would not be able to finance the planned growth in the business. Not long after, we secured them a specialist factoring arrangement that also included credit insurance. This enabled the company to grow rapidly, and exceed turnover expectations in their first year of £2 million

Plant Hire Company

Typical of many growing service companies trying to focus on their core business, the directors of this plant hire business were experiencing difficulties in managing their cash flow and running the administration functions. After a careful appraisal of the business, we prepared a proposal that got immediate acceptance from a factor. The debt collection procedures were immediately streamlined, reducing the administrative overhead and enabling the business to grow.