Industry: Commercial Plumber Contractors
Product: Invoice Finance
Facility size: £140,000
In business for 5 years, our client have been a plumbers since leaving school at 16. They completed their apprenticeships and eventually decided to set up by themselves. They have been reliant on family to complete their invoicing and performed credit control tasks when time allowed. This meant that cashflow was poor. They turned to Regency for a facility that offered an opportunity for growth and higher levels of customer service excellence.
The client was seeking a provider who had a strong understanding of their business model and future growth requirements. Our team worked together to tailor a package that would help the organisation reach its business and growth aspirations.
In addition, bad debt protection was put in place to safeguard any risk of potential bad debt from customers. Besides providing cover against any credit approved customers getting into difficulty, the company can rely on Regency to help make them informed decisions about new customers.
If you’d like to find out more about alternative business finance facilities, we’d love to be able to help. Why not give Regency a ring today on 0161 280 4010, drop us an email at lynnew@regencyfactors.com or browse our website for more details on how our facilities work.
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