Just what was needed
You want to expand the business, you have a new contract lined up, but you don’t have the funds to finalise it. This is a scenario where factoring can be the ideal solution, and that’s exactly what our new client discovered when they got in touch with our team at Hilton-Baird.
The couriers were keen to take on a new contract but needed to raise the funds required to fulfil it. Finding the right funding facility – and quickly – was crucial to their Managing Director.
Our team of brokers acted quickly to understand the exact needs of the business and to suggest factoring as a means of funding.
Factoring was the perfect option for our client as it enabled them to release cash against the value of their unpaid invoices and therefore secure a timely cash flow boost. The facility was also structured in a way that enabled our client to retain control of their sales ledger management, enabling them to manage the relationship with their customers. Consequently, the company is now appropriately funded to allow them to flourish in the industry.
“We had secured a new contract to help the business grow,” explained their Managing Director. “But we needed to increase our cash flow quickly, so Hilton-Baird introduced me to a funder who was very flexible to my needs.
“I was delighted with the quick turnaround. It was exactly what I wanted and I was extremely impressed with the service I received from Hilton-Baird that enabled this. I had looked at factoring before and didn’t feel it was something I needed, but in this instance it suited my requirements perfectly. I would happily recommend Hilton-Baird – excellent service!”
If you’re looking to access funding to help your business expand, we could help. Contact our team today on 0800 9774833 or email info@hiltonbaird.co.uk. Or request a call back and one of our team will be in touch at a convenient time.
