Cleaning Business Kickstarts Growth with help from Time Finance
Facility Type: Multi-Product Facility
Region: East England
Facility Value: £200,000
Introduction to the deal
Our client is a well-established contract cleaning and M&E services business based in Essex, with over 15 years of trading history. The company works with a range of commercial clients including property management companies and councils, delivering cleaning, mechanical and electrical, plus building maintenance services.
The business has built a strong reputation in its sector, supported by long-standing customer relationships and industry accreditations. However, a delay in the start of a significant new contract created a short-term cashflow gap, alongside the need for additional working capital to support ongoing operations and future growth.
What We Did
We provided a £200,000 Multi-Product funding solution, combining a £100,000 Confidential Invoice Finance facility and a £100,000 Secured Loan. The Secured Loan was property-backed and secured against the Director’s residential address. The Invoice Finance facility was structured to support day-to-day working capital, helping the business manage cash flow during the delay in contract income. The Secured Loan provided an upfront injection of capital to fund staff wages, supplier payments, and growth initiatives such as marketing and the purchase of additional vans.
Outcome of the Deal
Our funding support has enabled the business to secure a major £258,000 contract. It has allowed the business to pay their suppliers promptly, unlocking early-payment discounts which has helped improve their margins and boosted their overall profitability. With a stronger cash flow and strategic investments in vans and marketing, the business is now well-positioned to take on larger projects, strengthen supplier relationships, and confidently pursue its growth plans.
