Business Challenges Survey
How We Helped
Last month we sent a survey to all our valued customers, reaching out to help us get a clearer view of the key areas of concern that business leaders are facing in 2024.
A big thank you to all those that completed the survey, the response was interesting, with many saying that cashflow was ther biggest challenge at the moment. We contacted every single customer that gave us this feedback to listen to their concerns and offer our assistance.
Below are two examples of how we helped local businesses with their current challenges.
Cashflow Solutions
A local company in the precision engineering sector, was facing a significant cashflow problem. Despite having steady demand for their products, their working capital was strained, and they needed to purchase a new CNC machine to boost production capacity and meet their order deadlines.
Understanding the cashflow constraints, we negotiated a flexible repayment plan that matched the company’s revenue cycle, with lower initial payments that increased as the production ramped up and sales improved.
We managed to facilitate a quick approval, which enabled the company to acquire the machine within two weeks, significantly faster than the traditional bank loan process.
We played a crucial role in resolving their cashflow issues by providing a customised asset finance solution. This not only helped the company acquire essential equipment but also supported their growth and operational stability.
VAT & Corporation Tax Liabilities
A locally based growing tech firm, faced significant cash flow challenges due to their VAT and corporation tax liabilities. These tax payments were impacting their ability to invest in new projects and maintain smooth operational cash flow.
We suggested our VAT and corporation tax loan product, which successfully addressed their cash flow challenges.
Using this solution, the tech firm stabilised its cash flow, allowing it to invest in new projects and grow its market presence without worrying about immediate tax payments. This approach protected their financial health and set them up for long-term growth and success in the tech industry.
This case highlights how our specialised financial products can provide essential support to businesses, ensuring they meet their tax obligations while maintaining operational and growth activities.
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