Testimonials

What People Are Saying

Small Haulage Firm

This self-employed driver worked for one haulage company and had achieved a turnover of £160k pa. Rob worked during the day in his HGV and employed a member of staff to work during the night. Having been turned down by 3 factors, including his own bank, Empire Commercial Finance sourced a cost effective facility within 3 working days to assist with his cash flow.

Rob Styles Merseyside

Electrical & Mechanical Contractors

This Electrical Contractor was established to undertake contracts for large end users and main contractors. We were approached a few weeks after trading commenced, with the directors unable to finance planned growth. Empire Commercial Finance helped them secure a specialist factoring facility incorporating credit insurance. As a consequence their first year turnover grew to exceed £2m.

Steven Buckley S&S Electrical

General Printer

Difficulties were encountered when the directors moved into publishing; with further losses materialising through the mismanagement of a large fixed price contract. By the time Empire Commercial Finance was introduced, preferential arrears had reached £382k.

With severe Inland Revenue and paper supplier pressure, and the bank refusing to increase their overdraft, we were challenged with sourcing a facility in the knowledge that at least 4 factors had already declined to help.

Recognising the breadth of the problems the business was facing, we decided to present the business to a provider capable of taking a wider view of security. This included equity in printing machinery and a freehold property.

Within a week of us submitting our report and information pack, a factoring provider agreed to provide a £900k facility, subject to the overdraft and mortgage being cleared, and a repayment structure being agreed with the preferential creditors. With a debenture registered by the factor to encompass the wider security, cash was made available 17 days after our introduction.

ELS Printing services. Manchester.


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