We were introduced by this company’s accountant as the business was growing quickly and cashflow was becoming a real problem.
They already used invoice finance and their accountant didn’t know what more to do.
XL Business Finance did a review of their invoice finance facility to see that their current provider was not funding the sales ledger sufficiently as they were putting restrictions in place.
We introduced to them a new facility where they received 90% initially of all outstanding invoices and ongoing basis with the remaining amount paid once their customers paid the invoice finance company.
The new invoice finance company also made an additional £120,0000 available to run alongside the invoice finance facility in the event that they ever needed it, especially while growing so quickly.
