Driving Forward Success: Funding This Haulage Company’s Next Big Journey
Introduction to the Deal
This West Midlands-based haulage company, specialising in road surfacing, has experienced rapid growth since its founding in 2020. The company has built strong relationships with established clients and had a successful year in 2023. However, the speed of their growth has created cash flow challenges. To manage timing discrepancies between debtor payments and creditor requirements, they needed a tailored solution. We provided haulage business finance to address these challenges, ensuring the company could continue expanding while managing its financial pressures.
What We Did
To resolve the cash flow issues caused by their rapid growth, we delivered a customised haulage business finance solution. This included a £120,000 invoice finance facility and a £150,000 asset finance facility. Learn more about asset finance for businesses and how it can help your business. This solution directly supports their working capital needs and also enables the purchase of an additional HGV truck. By combining invoice finance with asset finance, we’re providing a solution that both stabilises cash flow and also facilitates their growth.
In addition, our team provided our Selective Bad Debt Protection service to safeguard the company in case of any non-payment issues from their customers. This added protection ensures stability in their working capital while they continue expanding.
Outcome of the Deal
The combined facilities provide the business with the resources needed to sustain its growth trajectory. The immediate boost in cash flow alleviates their financial pressures and positions them to handle more clients confidently. Acquiring an additional vehicle further enables the company to take on increased demand, improving turnover. Our team’s expertise and multi-product solution were key in securing this partnership, providing the financial stability and flexibility they need to thrive in a fast-paced competitive sector.
