Time Finance Fuels Exciting New Future for Furniture Manufacturer

Facility Type: Multi-Product Facility

Region: East Midlands

Facility Value: £1.6 Million

Introduction to the Deal

Our client is a well-established furniture manufacturer based in Nottinghamshire. After more than 15 years of successful trading, the business faced a major setback when it lost its largest customer, which accounted for 50% of its total sales. Despite returning to profitability following a period of downsizing, the loss proved too significant to recover from under the existing company structure.

To protect the future of the business and preserve jobs, the directors sought to restructure with a more sustainable cost base.

What We Did

Working alongside the management team and introducer Paul Goodman at Goodman Corporate Finance, we provided a £1.6 million multi-product facility made up of an £800,000 Invoice Finance facility and an £800,000 property loan.

The funding was secured against a strong sales ledger and commercial property assets. It will provide the new business with the working capital needed to acquire new equipment and resume trading with confidence.

Outcome of the Deal

Our support enabled the new company to restart operations in just two weeks and helped protect some of the employees jobs. With a solid foundation in place and a new lead customer relationship, the business is well-positioned for long-term growth. Thanks to our flexible funding solution, they’ve been able to protect jobs, maintain manufacturing expertise in the region, and continue supplying high-quality furniture to the UK market.