Turnover:
$1.5M.
Facility:
$300K.
Background:
This work-wear and safety products company supplies to around 60 clients covering the mining, construction, manufacturing, cleaning, and security industries. The business is expecting to substantially increase revenue over next 12 months, due to referrals from satisfied customers and plans to adapt its range for more industries. Factoring provides practical assistance to maintain cashflow and fast access to cash tied up in invoices. The full-service factoring facility leaves directors free to pursue their plans for growth and satisfy creditors in a timely manner.
