Improving Funding Levels
A property maintenance and shop fitting business
Despite the challenging economic climate this property maintenance and shop fitting business had a very strong forward order book and annual sales in the region of £750,000. The business had used a bank owned invoice financier but the levels of finance generated were inadequate.
There were some issues from a previous business caused by a falling out between directors which led to claim and counter claim along with HMRC arrears.
With the help of an insolvency director, we were able to give the incoming invoice financier comfort as to the nature and validity of the claims and make suggestions as to how the HMRC position could be best resolved.
The outcome was that the new invoice financier provided funding levels materially in excess of those provided by the previous lender.
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