Touch Customer Testimonial

Overview of company
Wholesaler and distributor of welding related equipment throughout the UK with customers ranging from sole traders to multinational construction companies.

Why they needed invoice finance
“The customer contacted us initially looking for a business loan. After talking through their requirements and what they were trying to achieve it quickly became clear a business loan wouldn’t be the best solution for them. The deep rooted problem was customers were taking up to 90 days to pay their invoices and this was truly crippling the businesses cash flow and subsequently hindering their growth.” Norman – Touch Financial

How factoring has helped their business
“Before we spoke with Touch we were pretty much running the business through our business overdraft. This proved to be a big problem because the bank withdrew our overdraft with virtually no warning, which is why we were looking for a business loan.

Since we’ve been using factoring we have a lot more cash readily available in the business. Now our cash flow has stabilised we are planning our expansion moving in to 2010." Company Director

Customer comments on lender
“Given the problems we have had with our overdraft it’s good to know we have a fixed 12 month contract with the lender, and their office is only round the corner which is nice!" Company Director

Feel free to contact Norman if you have any questions regarding factoring or would like to compare quotes from lenders.

Norman can be contacted by telephone on 020 7920 0033 or by mailing him at norman@touchfinancial.co.uk.