Industry Sectors:

Manufacturing,

Type of Finance:

Invoice Discounting

Region:

London

Date:

1 January 2016

An industrial chemicals company producing chemicals for use in paint and powder coat stripping needed short-term funding for a buy-out of the company in 2014, which the traditional high street banks had refused to finance due to the buyer being from a different professional background. The company has since used ongoing invoice discounting from HH Cashflow Finance to ensure it maintains a healthy cash flow. It has also benefitted from HH Asset Finance’s services in funding equipment and hire purchase agreements.

The result:

A successful management buy-out of the company which has recorded like-for-like sales up by 67% in the last six months. The company has been so successful under the new ownership it has expanded its team from six to eight people and looks set to continue growing throughout 2016.

The story: The new managing director of the company, who oversaw the buy-out in 2014 had been looking to acquire a new business for several months when he came across this business. His background was not in the chemicals business which meant, despite a solid business plan and the support of other senior management, he was refused funding by a number of major high street banks.

He was introduced to Richard Pepler, CEO of HH Cashflow Finance, in November 2014 and was quickly able to agree a short-term funding package to facilitate the buy-out. Richard’s team has continued to provide invoice discounting to ensure a healthy cash flow even when customers’ payments are delayed.

They also introduced him to the HH Asset Finance team, which has been able to help out with capital spend on equipment and supported hire purchase agreements with customers.

“The funding was HH Cashflow was agreed quickly on flexible terms,” the new owner said.

“Their client managers provide much more than simply the invoice finance, they provide advice on finance, business consulting, contacts in finance and collections. They’ve been a huge help.”

Our philosophy at HH Cashflow Finance is to provide UK SMEs with rapid, hassle free access to cash flow finance.

Our service-led offer is underpinned by a business support package from our friendly, expert team together with state of the art technology, offering clients real time access to their accounts. Our mission, based on combined senior team experience of over 160 years, is to take the worry of cash flow pressure away from business owners, allowing them to focus on growth and client delivery rather than spending valuable time and money on credit control.

    Robin Goddard:  01633 439600
    [email protected]

    www.hhcashflow.co.uk
    Unit 5
Langstone Business Village
Langstone
Newport
NP18 2LH