Security: Buckinghamshire

by Touch Financial - Posted on 13 Oct, 2010

Industry: Security

Turnover: £150k

No. of employees: 5

Region: Buckinghamshire

Lender: Ashley Finance

Overview of the Company: The firm was founded two years ago to provide fire and security services to commercial customers. It’s enjoyed steady growth month on month since it was set up.

Why they needed invoice finance: “We needed to improve our cash flow to pay our suppliers. Credit control was a problem for us and some customers were paying four or five months late. We also wanted to expand, to buy new vehicles, and that was going to stretch our cash flow even further.” Managing Director.

How factoring helped their business: “We’ve seen a big difference. Customers who used to pay late are now settling their invoices on time, because they’re being chased. It’s going really well and our cash flow has improved significantly.” Managing Director.

Customer comment on lender: “The staff at Touch Financial were very helpful and knowledgeable, and put us in contact with three potential lenders. The one we’ve chosen to work with is providing a great service and they’ve been particularly good at persuading our customers to pay more promptly.” Managing Director.