Recovery and Crash Repair

Factoring
£75K Facility
Replacement of Bank Overdraft

A family owned business that has been operating in Sussex for the last 20 years providing crash repair and recovery services. The business had been funded by a small unsecured bank overdraft that was proving restrictive for its long term aspirations. Thanks to the company’s debtor quality IF were able to find a solution and provide much needed working capital.

The client: “Innovation have provided me with an excellent and professional service that has enabled me to concentrate on growing my business.”

Manufacturers and Wholesaler

Disclosed Invoice Discounting
£100K Facility
Phoenix

A well-known brand based in Kent that specialises in the manufacture and supply of premium meat products. Expensive bank facility charges were restricting the growth of the business. IF were able to offer the right facility at the right price enabling the business to retain its margins. The business has been able to improve its situation thanks to both the client’s and IFL’s hard work and expertise.

The client: “IF’s personal service has made me feel part of the team from day one.”

Temporary Labour Hire

Factoring
£250K Facility
Inter-Factor Transfer

This client is in the temporary labour hire market and initially was unable to find the right funding partner. With a highly concentrated ledger and seasonal business the client required a solution that worked for his current and future requirements. Innovation Finance put together a funding option to meet all the prospect’s objectives and secured the business in the face of strong competition. The business today has doubled its projected turnover

West Midlands Warehousing Business

Disclosed Invoice Discounting
£100K
Pre-Pack

This established warehousing business required an appropriate funding partner when unforeseen changes occurred in its client base. IF structured a facility with a sliding fee scale giving the business time to expand in a structured and successful way.

Salad and Fruit Pickers Temporary Recruitment

Disclosed Invoice Discounting
£300K Facility
Restrictive Bank Funding

A business providing temporary workers for major cooperatives approached its bank requesting a facility increase due to its expanding customer base. A number of complexities in the deal meant that the clearing bank was unable to provide an appropriate facility. Innovation found the right solution with a structured working capital facility that has enabled the business to go from strength to strength.

The client: “Innovation Finance’s industry knowledge has been invaluable and their level of service has ensured that I am not just another number.”