Invoice discounting facility unlocks the road to growth
A manufacturer of recycled plastic compounds have secured an invoice discounting facility of £6 million that has allowed them to move forward with their plans for expansion.
After a successful acquisition in late 2019, the company began searching for an invoice finance facility that would provide the working capital they needed to fund their ongoing expansion plans.
After being introduced to our team at Hilton-Baird by a third party, we consulted with our client to gain a full understanding of their needs, which enabled us to introduce them to some suitable facilities and funders.
Within a short space of time, our client moved forward and secured a £6 million invoice discounting facility with a lender who offered the flexibility and facility structure they needed.
Supporting expansion
Established 10 years ago, the manufacturing company was acquired by new owners last year.
With the acquisition completed, the company began to make new plans for its future and growth, including international expansion.
While they were not using any type of external commercial financing at the time, they had previously used invoice finance, and were keen to find a provider that would take account of their needs and fit the bill.
With our client’s requirements in mind, we were able to introduce a select number of providers, who specialise in confidential invoice discounting and who could offer the level of funding, international infrastructure and flexibility they were looking for.
We were able to introduce the management team to decision makers, simplifying and speeding up the process of securing their finance. We also provided our client access to a bespoke structure and preferential terms with our sister company, Hilton-Baird Audit and Survey, who conducted a portion of the due-diligence element, to fast-tack and streamline process for them.
The £6 million facility secured has already provided working capital to support our client’s expansion within Europe, which is key especially at this time when COVID-19 presents many challenges globally and will continue to support them in their long term plans.
If you have plans in place, whether it’s to underpin change and grow your business, as with this case or simply require some form of commercial finance, we’d be pleased to help. Call us on 0800 9774833 or request a call back to discuss your requirements.
