New facility for steel supplier
Hilton-Baird Financial Solutions has helped a steel supplier to identify and secure a more suitable finance facility to improve cash flow and provide additional support.
Just Steel Ltd had been using an invoice discounting facility for a number of years, which was helping them to overcome the cash flow issues created by trading on credit terms.
But after speaking to our team, it became apparent that a different facility would enable the business to access a higher percentage of the invoice value up front to provide even greater cash flow support.
Further still, the credit control service that the new factoring company could provide would help to remove this burden from the business, giving them more time to focus on growth.
With our team’s help and expertise, the new facility is now up and running, providing £450,000 worth of funding support to the delight of their Director, Randy Etheridge.
“We have been in contact with Hilton-Baird on several occasions over the last few years,” he explained. “We really value their knowledge when it comes to the commercial finance market.
“Invoice discounting has been a great tool for us to keep cash flowing, but Hilton-Baird helped us to realise factoring would be better suited to us as a business and provide even more support.
“The team’s service was first class and one I’d recommend to any business, whether they’re searching for a new facility or wondering if their current arrangements represent the best fit.”
To find out whether your business could benefit from a different funding facility, call our team of experts on 0800 9774833 or request a call back today.