Stockport based Hallidays has facilitated three very different funding opportunities to provide for growth and longer-term stability for three of their clients.
It is rarely a case ‘of one size fits all’ when it comes to sourcing and recommending funding. This was clearly demonstrated when three of Hallidays clients required financial assistance for three very different reasons.
Finding a Funder
Hallidays client Inbray Limited, trading as The Absolute Window Company, was in danger of becoming a victim of their own success. A growth in sales had put a strain on production, restricted cash-flow and introduced a threat that orders may not be fulfilled on time unless crucial new machinery could be installed at a cost of £100,000.
Through their funder network, the directors were connected to a potential funder within hours of the conversation arising. The application was approved and the machinery has now been installed with no further financing required giving the directors the confidence to push the business forward.
Cash flow eased with short term financing
It is often late payments into the business that result in poor cash flow, putting additional strain on company finances. Hallidays contacted Market Invoice who allowed for finance to be raised on a few invoices and not the whole book easing stress and tension with the bank. It is now a great option to ease short-term cashflow problems and fulfil new orders
Innovation is often the key to business success which more often than not requires additional investment. Hallidays Corporate Finance team used their funder network to establish a range of options to aid business development and growth. In this instance, Funding Circle proved to be the best provider opening opportunities that were not known to their client.
Cheryl Lindley, director of Inbray Limited said:
“Hallidays facilitated the application process for the funding of the machinery. We were very impressed with the rapid turnaround which resulted in obtaining the funding in full. This will dramatically increase the production capacity of our factory and automate our processes, developing opportunities to grow the business and create new employment. ”