Testimonials

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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Testimonials

Small Haulage Firm
Rob Styles Merseyside

This self-employed driver worked for one haulage company and had achieved a turnover of £160k pa. Rob worked during the day in his


Read More

Testimonials

Electrical & Mechanical Contractors
Steven Buckley S&S Electrical

This Electrical Contractor was established to undertake contracts for large end users and main contractors.


Read More

Testimonials

General Printer
ELS Printing services. Manchester.

Difficulties were encountered when the directors moved into publishing; with further losses materialising through


Read More

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