Industry Sectors:

Other,

Type of Finance:

Region:

South West

Date:

1 January 2014

Funding from Ashley ensures this Refrigeration Company is not left out in the cold

Desmond Herrmann, Director of Refrigeration and Commercial Plumbing Company Des Herrmann Condensate Ltd, first approached Ashley back in 2009 when he wanted a solution to the growing problem of his invoices not being paid on time.

“As a smaller business, it was almost impossible to get paid on time – we were simply overlooked all the time. One major client of ours in the early days put on lengthy payment terms, and then sometimes only part pay our invoices”. Desmond continued “I needed regular, reliable cash flow, and that is what Ashley Finance has given me, plus the peace of mind that goes with it”.

Customers not paying invoices on time, taking too long to pay, demanding extended payment terms all has a negative effect on the day to day cash flow for a business, which is why Desmond looked for an Invoice Finance solution to assist not only the funding but the credit control as well.

“Ashley are especially geared to help the smaller business, you are given a dedicated client manager – not just anybody who was available at the time, who probably did not understand your business needs completely”.

With Invoice Finance, they are able to unlock cash upfront from their unpaid sales invoices. Desmond explains the positive impact Invoice Finance has had on his business

“I have been able to expand the business almost 10 fold in the last 5 years. Knowing that invoices will be paid has enabled me to recruit new members of staff, invest in new vehicles, update our onsite tooling, which in turn has made us much more competitive,  and allowed me to keep my pricing in line with what my clients want”. 

With high profile clients  including most Major UK supermarket chains,  all wanting the services of a professional installation team, the expansion has meant DH Condensate LTD  has been able to meet their demands and secure larger contracts therefore covering larger areas of his client’s estates.

“It has having the regular and reliable cash flow provided by Ashley, that has given me the confidence to expand my business, and help me fund the future business plans which I am working on.”

Since 1993, Ashley Finance has helped turn around all kinds of small businesses by saying “yes” more than anyone else (91% and growing). We look for the positives in each business, minus the negative judgement of traditional lenders. We find ways to make things work with personal service and ongoing support. As an independent lender, the lack of bureaucracy allows us to look at each case individually, on its own merit, and offer funding where others may sidestep. Backed by the Tavistock Group (www.tavistock.com), we have access to formidable financial firepower so you can be confident of our support, in good times and bad, now and into the future.

    Lisa Mayers:  0161 233 6373
    [email protected]

    www.ashleyfinance.co.uk
    8th Floor
80 Mosley Street
St Peter’s Square
Manchester
M2 3FX