One year on: Speedflex celebrates business uplift with Time Finance ABL facility

Facility Type: Asset-Based Lending

Region: Midlands

Facility Value: £650K (£250K Invoice Finance & £400K Asset Finance)

Introduction to the deal

Worcestershire-based engineering firm, Speedflex, first came to us in 2025 facing challenges with the lack of flexibility being offered by traditional banking. The specialist manufacturing subcontractor was facing significant cashflow hurdles created by a variable monthly income and late invoice payment, symptoms typical of the subcontracting industries where order books can be irregular and payments often delayed. 

What we did

Thanks to our unique flexibility and people-first approach, we were able to facilitate a multi-product solution consisting of a £250k Confidential Invoice Finance Facility and a £400k Asset Finance Facility, allowing the business to invest in its operations and prioritise growth plans.

Stephen Dunstall, Managing Director at Speedflex Engineering, commented: “When we first met with Time Finance we were facing significant challenges with cashflow. Putting an Invoice Finance and Asset Finance solution in place, within just a few weeks, made the transition seamless, and put us back in the driving seat.

“Without this ABL solution from Time Finance, I don't believe we would still be operating today. Dealing with their team was nothing like working with a traditional bank; you feel like you’re dealing with real people who genuinely understand the challenges a business faces, who appreciate our individual circumstances and financial commitments. We have received genuine flexibility when we need it most, rather than being put in a box.”

Outcome of the deal

Our ABL facility has proven to transform the engineering firm in the last 12 months, with Speedflex crediting the finance deal for its survival and growth. In that time, Speedflex has been able to stabilise its cashflow, invest in new machinery, new recruitments, and actively pursue a new phase of strategic growth within new markets.

Stephen continues: “One year on from the initial payments and our business is in a much better position. The industry is still struggling but what we’re finding now is we’re much better equipped with the financial headroom we need to deal with the troughs when they come, and our time is freed up to do the things that matter. Our focus now is on building strategic partnerships, streamlining procurement and expanding our contract reach.

“We cannot thank the Time Finance team, and our Relationship Managers, Liz and George, enough. We would recommend your services to anybody, and feel that Time Finance has reshaped our business at a time when we needed it most.”