Pulse Cashflow post strong results reflecting growth in demand for invoice finance
Despite the uncertainty surrounding the business market, SME demand for flexible finance continues
Basingstoke based, specialist invoice finance provider, Pulse Cashflow Finance have today announced a summary of their year-end results and they make for interesting reading.
In the year ending September 2018, their client portfolio showed strong growth year on year with a 38% increase in the number of finance facilities offered to UK SME’s. An impressive growth statistic in a market where overall client numbers growth is struggling to keep above 1% growth.
In addition to this, in a business environment shrouded with uncertainty and a lack of business confidence, the firm increased the amount of funding they inject into UK businesses by 25% year on year, giving their clients the all-important access to funds they need to invest and grow their businesses. Once again, this outstripped industry growth which stands at 4% year on year.
The results come as welcome news to the firm who have been pursuing an ambitious growth drive over the last twelve months. With a clear investment in both their sales and operational teams, the business has placed their commitment to ensuring UK businesses can access the flexible and transparent funding solutions they need to support their business growth at the top of their agenda. Alongside this is their aspiration to build a strong reputation for client service which saw a restructuring of their operational team during the year in order to deliver upon this and their pursuit to deliver fast, transparent and fair financing to UK businesses in this ongoing climate of uncertainty.
Toni Dare, managing director of Pulse Cashflow believes that putting the client at the centre of your organisation helped them achieve their impressive growth. “In what is a relatively flat market, we are delighted with our performance. We have had a really strong year and we continue to see an increasing number of UK businesses looking to access flexible funding solutions. We have a passion for delivering the best solutions to our clients and focus on three core aspects of our service. Firstly, speed ensuring we respond to enquiries the same day, issue credit backed offers in 24 hours and respond to client issues within 1 hour. Secondly, transparency in everything we do especially our pricing where our single fixed fee ensures our clients are clear about how much they are going to pay with no hidden charges. And finally, we aim to be fair in the way we deal with our clients, ensuring we all treat our clients how we would want to be treated”.
The Group also appointed two industry stalwarts – Peter Ewen and Mark Lucas - as non-executive directors to their board during the year. Their combined industry knowledge and business experience has brought additional strength to the Board. As Toni commented. “We have an ambitious long-term strategy and we recognise that there are significant opportunities ahead that we are keen to capitalize on. The addition of Mark and Peter to the team has enabled the business to leverage their undoubted strengths by drawing on their insights into the business operations. It has been a very positive move for us and we look forward to their wider contribution on the Board”.
The business is looking forward to the next 12 months where it expects to continue on its growth course. It has some exciting plans up its sleeve including a relocation to larger offices.
As Toni concludes “Our achievements are a testament to the team here. Their hard work and commitment to servicing their clients has helped us build a strong reputation within the financial market. Our results over the last few years give us a great platform to build on.”