This print finishing company is based in Northamptonshire. The business specialises in stitching, folding and gluing processes. The previous company had enjoyed a long history of profitable success, yet it had given cross-company guarantees to a business that went into receivership, forcing it into a similar position.

BDO Stoy Hayward, who advised the management team on the financial restructure, introduced the directors to SME Invoice Finance. SME recognised that the core business was very sound and run by an extremely proficient and capable management team with a highly professional advisory team around them. SME Invoice Finance delivered a £500,000 Confidential Invoice Discounting facility, which provided an immediate injection of funds to immediately kick-start the phoenix business and provide on-going working capital to finance the business as it grows.

Mark, the company's in-house accountant, is pleased with the facility, "Using Invoice Discounting offers us so many benefits. It is brilliant for growing companies who need additional working capital for future investment in the core of their businesses."

Mark adds, "The realistic usage is set from day one so budgeting is very straightforward. An 80% prepayment of cash is effectively available against the sale ledger at all times. Our cash flow grows in line with our success. Since the facility is completely confidential our customers do not need to know anything about the facilities we have in place. We also retain complete control of our debt collections and sales management."

"Having the constant availability of cash, means that I can look at new opportunities all the time", Mark says, "knowing that I have the money to invest in assets and improvements to the business. For example, because I have access to extra working capital I'm able to purchase the latest equipment as a cash buyer and gain special discount terms from suppliers. Not only that, but we can also pay the sums back quicker than with a lease arrangement and without penalty."

"I have been very pleasantly surprised working with SME Invoice Finance.", Mark continues, "The rates are very competitive, the systems are good and the auditing procedures are non-intrusive. We enjoy a very business-like arrangement with SME based on trust, without the need for continual reviews."

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