Success Stories

Supporting local authority contracts

Supporting local authority contracts

Despite the government pledging to tackle late payment, local authorities can be notoriously bad at paying on time. So, when taking on large contracts with them it can be beneficial to have flexible funding in place to ensure your cash flow remains healthy at all times.

Our client, a mechanical and electrical engineering company, had won a series of new contracts with local authorities. But, with a high outlay in staff and materials required to fulfil the contract, the project was set to stretch cash flow.

Historically the business had relied on their business overdraft to boost their cash flow when needed but the inflexible nature of an overdraft meant that, with these new contracts coming in fast, the business needed additional funding in order to support their growth.

Keen to get a new facility in place to be able to capitalise on these new opportunities, we quickly got to work in introducing the client to a selection of funders who could offer competitive solutions.

After assessing the three most suitable options, the client opted for a confidential construction finance facility with the funder they felt most comfortable with due to their speedy response, knowledge and understanding of the business and its needs.

Now, with their new funding facility in place, the business is able to release funding from applications for payment or stage invoices to bridge the cash flow gap between paying suppliers and getting paid.

This has provided the funding required to support the new local authority contracts and allow the business to continue going from strength to strength.

To see how you could also benefit from our services contact us today on 0800 9774833 or to see how our expert team can help you. Alternatively, request a call back and we will get in touch at a convenient time.
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Some of the funders we work with

  • Bibby Financial Services
  • Calverton Finance
  • FIBR Tech Limited
  • Shawbrook Business Credit
  • Barclays
  • Trade Finance Partners
  • Nucleus Commercial Finance
  • Sonovate
  • Roma Finance
  • Close Brothers Invoice Finance
  • MaxCap
  • ABN AMRO Commercial Finance
  • Skipton Business Finance
  • Metro Bank SME Finance
  • Time Finance
  • Berkeley Trade Finance Ltd
  • 4Syte
  • Investec
  • Team Factors
  • Creative Capital
  • Merchant Money
  • Haydock Finance Ltd
  • Woodsford Tradebridge
  • Boost Capital
  • Optimum Finance
  • Ultimate Finance Group
  • Santander Corporate & Commercial
  • Davenham Trade Finance
  • InvoCap
  • IGF Invoice Finance
  • iwoca
  • Giant
  • Peak Cashflow
  • Royal Bank of Scotland
  • Asset Advantage
  • Leumi ABL
  • Lloyds Bank Commercial Finance
  • Pulse Cashflow Finance
  • Regency Factors
  • Aldermore Invoice Finance
  • Davenham Asset Finance
  • PNC Business Credit
  • MarketFinance
  • inFund
  • Partnership Invoice Finance
  • Secure Trust Bank

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

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