Lincolnshire firm eyes growth with new funding package
Lincolnshire based Silo Facilities Management have their sights set on growth confident that their funding partner and a £130k new funding package will facilitate their ambitious aspirations.
The family run firm is one of the UK’s longest standing silo facilities management companies with over fifteen years of commercial experience specialising in silo installation, cleaning, and maintenance. Their highly trained team of specialist silo experts, with their impeccable safety record support clients across the UK and Ireland.
In recent years the firm has been pursuing a growth strategy which has placed pressure on cashflow as they work to meet day-to-day operating expenses and month end payment commitments whilst investing in future plans. Having started discussions about how they fund their growth and the challenges they faced; their financial advisor recommended invoice finance as a funding solution that would benefit their firms cashflow.
Their financial advisor went on to introduce them to the team at Pulse Cashflow as he knew that the leadership team at SiloFM would appreciate a straightforward, flexible, and personable funder to work with. Following the introduction, the team at Pulse Cashflow met with Sally Nelson the firms Finance Director to discuss how an invoice finance facility could support their cash requirements and future plans.
Pulse Cashflow were able to offer the £1million turnover firm a £130k invoice finance facility which would support their objectives and underpin their growth plans.
As Sally Nelson comments: “It can be challenging working within the industrial Silo market. We need to employ the very best technicians to do a great job but when payment can take longer than the UK average payment terms, it can put a strain on the firms cashflow. Top of my agenda is ensuring we have a sufficient supply of cash to fund our day-to-day business as well as supporting the delivery of our growth plans. Our financial advisor recommended invoice finance as the optimum way of maximising cashflow. It’s a flexible form of funding which keeps pace with our business and ensures that we have easy access to our money. The business certainly runs far more smoothly than before.”
Pulse Cashflow are renowned for a high level of client service which is part of their ethos. They invest in talented people who work hard to understand their clients’ business so that they can truly deliver a relevant funding solution which makes a difference to their clients business
As Siouxsie Ashmore, Operations Manager at Pulse Cashflow explains: “Having the certainty of a flexible finance facility and the support of a committed funding partner is so important to businesses today. It can relieve some of the pressures they face when working to secure the future health and success of their business. Our team work hard to develop and nurture great relationships with our clients based on understanding, trust and common objectives. It’s what makes us different. We are proud of the support we provide to SiloFM and enjoy being able to contribute in some way to their continued success.”
With a reliable funding solution in place, it has given SiloFM the confidence to look forward and commit to their growth plans.
As Sally concludes: “Our client manager is very helpful and assists us in every way he can to make our finances flow! With the support of Pulse Cashflow, we have ambitions to grow our business and increase our success. We are confident that we can grow our income by 20% this year and are looking forward to continuing that growth in future years”.