Our client is a broadband and mobile network build and maintenance solutions company operating a niche customer base across Ireland and the UK including Eircom and BT. Established in 2011, the business has seen substantial growth over this period and with growth often comes cash flow pressures.
As the company continues to grow with new contracts, the businesses recognised the need for a more flexible funding solution to free up their cash flow over a traditional bank loan
Having spoken to Bibby Financial Services Ireland, they were impressed with our tailored approach and speed of response to their business requirements. We put in place a Confidential Invoice Discounting facility to meet their need for working capital funding to support business growth and also their requirement for confidentiality.
Commenting on the facility Chief Financial Controller said: “Our CID facility is seen as an ideal fit for a business like this. The real benefit will be obvious as the business continues to grow over the next year with the positive cash flow from this funding facilitating this growth."
Here at Bibby Financial Services, we can offer a variety of invoice finance solutions to help you take advantage of the new business contracts at home or in the international marketplace, for additional security we also offer Bad Debt Protection to help you safeguard your business against non-payment.