Client: National asbestos removal Company.
Turnover: £3.3 million
Facility: Supply Chain Finance
Location: South Yorkshire
A fast growing asbestos removal Company needed additional working capital as their contracts grew faster than their traditional bank overdraft could service. Working with the Managing Director and Company accountant Enable Finance moved quickly to understand how the business operated and worked under JCT contracts.
After understanding the contractual nature of the business and the fact the client needed the funding to be unsecured Enable Finance moved quickly and delivered a supply chain finance facility. Providing the client with a revolving credit facility allowing them to extend terms with their suppliers by up to 120 days.
For more information on how Enable Finance could fund your business growth please get in touch.