We have put together a selection of case studies to show you the variety of companies we have assisted with finance solutions.
Interior Office/Shop Fitter
Turnover: £3M per annum
Finance Amount: £400,000
Type of Finance: Confidential funding line. Mixture of application and invoiced work.
Advanced Rate: 65% and up to 75% single debtor concentration
Additional services: Credit insurance.
Result: Provided the company with much needed cash flow to continue its growth and saved them over £5,000 p.a. on its previous finance costs.
Subcontractor – Building Industry
Turnover: £1.5M per annum
Finance Amount: £250,000
Type of Finance: Confidential construction finance facility to subcontractor in building industry
Advance Rate: Application funded pre QS sign off at 60%. Limited personal guarantees only.
Result: Increased funding and saving of over £10,000 on fees charges by previous finance provider.
Environmental Product Manufacturer
Turnover: £1M per annum
Finance Amount: £250,000 (Factoring) + £60,000 (Asset Finance)
Type of Finance: Factoring
Advance Rate: Funding up to 100% single debtor, large supermarket, at certain peaks.
Result: Provided the manufacturer with advance funds to assist with cash flow, along with asset finance for plant and machinery.
Haulage Company
Turnover: £650,000 per annum
Finance Amount: £100,000
Type of Finance: Disclosed Invoice Discounting
Advance Rate: 80% funding for 90 days and a minimum service fee of just £310 per month.
Result: Additional £25,000 of cash flow provided and annual cost saving of £60,000.
Car Body Repair Shop
Turnover: £750,000 per annum
Finance Amount: £75,000
Type of Finance: Invoice Finance
Result: Additional funding of £50,000 over the current provider, who wouldn’t fund the main debtor, and annual cost saving in excess of £10,000.
Manufacturer
Turnover: £12M per annum
Finance Amount: Combined funding of £2.25M
Type of Finance: Invoice Finance
Advance Rate: 90% – Term loan facility of £250,000 over 3 years
Result: Additional funding of £0.5M and an annual cost saving of £60,000.
Construction Sector
Turnover: £35M per annum
Challenge: Reduce finance costs whilst improving cashflow for suppliers
Finance Amount: £1,000,000
Type of Finance: Supply Chain Finance
Result: Facility of £1M to enable suppliers to be paid in advance of current 90 day terms. Cost of finance 1% per month. Discount for early settlements negotiated from suppliers 5%. Net benefit to the company of £20,000 pa and suppliers paid earlier.
Training Provider
Turnover: £750,000 per annum
Finance Amount: £100,000
Type of Finance: Selective Invoice Finance
Advance Rate: 90%
Result: No contract and no ongoing commitments, can use as and when needed. Currently funding £100,000 at a one off cost of 2%.
Southampton Office
38 Basepoint
Premier Way
Abbey Park Industrial Estate
Romsey
Southampton
Hampshire
SO51 9AQ
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My Invoice Limited is a company registered in England and Wales with Company Number 09257709. Registered office: Highland House Mayflower Close, Chandlers Ford, Eastleigh, Hampshire, SO53 4AR.
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