This family-owned and run business in North Wales specialises in manufacturing fencing panels. The owner of the business had experienced factoring previously but was unsatisfied both with the level of service he had been offered and the hidden charges that had been levied.

Elfed, proprietor of the business says, "Our bankers are Arbuthnot Latham and they recommended us to SME Invoice Finance because they knew we were looking for a change of factoring company. It is not a change that we made lightly. However, we contacted SME straight away and they came back to us with an excellent package of facilities and an approach that is professional and dependable."

"There are parallels between Arbuthnot Latham and SME Invoice Finance in respect of their integrity and the relationship-banking style towards business, values that are, unfortunately, all too often neglected by finance companies these days.", said Elfed.

The proprietor is delighted with the £150,000 factoring facility and the enhanced service levels the business has gained from working with SME Invoice Finance. "We have found our relationship with SME invoice Finance to be a tremendous improvement on the one we had with our previous factoring company.", he says. "There's no comparison. We now receive payment within 24 hours of submitting a new invoice. At SME, we can get hold of senior people quickly when we need them in order to make decisions. They have assigned a dedicated team of collections people to us who are very capable and efficient."

"Factoring provides major advantages for a business like ours with the potential for further growth and we do not have to spend time continually re-negotiating the facility. The charges are transparent with SME Invoice Finance so we can see exactly where we stand and I'm pleased to report that the costs have been much reduced. SME has also improved our invoice prepayment level from 70% to 75% prepayment - allowing us even greater access to cash!", Elfed comments.

"I am very pleased to have made the move to SME", he adds. "I feel I can drive the business forward without looking over my shoulder all the time. As a direct result of our growth, I now feel that the time is right for the business to become incorporated as a limited company. SME Invoice Finance is an excellent finance company for young, ambitious growing businesses to use. They have been an integral part of our success to date. We look forward to continuing our growth with the support of SME Invoice Finance."

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