Industry Sectors:

Construction,Utilities,

Type of Finance:

Asset Based Lending
Invoice Discounting

Region:

South East

Date:

1 February 2017

Turnover:

0.5-1 Million

With teams strategically located throughout the country, covering a wide range of detection, Sumo Services Limited (Sumo) is a highly renowned multi-disciplinary survey business. Committed to maintaining the highest possible standards in all aspects of surveying, Sumo are, in particular, the undisputed leaders in archaeological and utility surveying in the UK. Sumo undertook the surveying of the Leicester car park that uncovered the remains of Richard III and have been instrumental in the search for Henry I at Reading Abbey.

Sumo has undertaken three strategic acquisitions in recent times, with an appetite to undertake more to further strengthen its lead position.

Solutions
Sumo is a long-standing IGF client who has enjoyed the flexibility, convenience and cash generative features of an IGF invoice discounting facility.

The facility has grown with them over the last 11 years and has played a key role in its recent acquisitions, as well as ensuring that the business can manage larger and larger contracts over time without cash interruption across the group.

Colin Carnachan, Managing Director, Sumo Services Limited, said;

“IGF has none of the banking bureaucracy that I have experienced elsewhere. The team genuinely wants to help us in achieving our objectives. Decisions are swift and they are always available. That is why I have always been happy to recommend them to colleagues over the years.”

Kris Circus, Client Manager, IGF Group, said;

“Supporting growing, acquisitive and energetic businesses, such as Sumo, is what IGF is all about. We spend the time to look after their individual needs. Furthermore, with an expanding product range, including asset based lending, we can achieve even more together in the years to come.

Founded on expertise, IGF is a leading independent commercial finance provider with a national presence. We have a strong entrepreneurial culture and know what it takes to build and grow a successful business. We understand that SMEs rarely stand still. Neither do we.

At IGF, we blend art and science to meet our clients’ needs. On the one hand, there’s the creativity and passion we apply to every deal and relationship, and, on the other, the incisive technical deal structuring capability that underpins our clients’ success. To capitalise on opportunities and meet the challenges of growth, we have developed a range of solutions and services that will enable you, or your Clients, business to prosper. Our commitment to providing creative financing solutions to support business growth and working capital is stronger than ever. Whether it be for growth, a transaction to support, such as an MBO or acquisition, or help when going through a restructure we are ready to provide support.

    IGF: Independent Growth Finance  :  0800 051 8402
    [email protected]

    www.igfgroup.com
    2 Maidstone Road
Paddock Wood
Kent
Tonbridge
TN12 6GF