A long-established West Midlands manufacturer and installer of educational furniture, also delivering full turnkey refurbishment projects, has secured a six-figure Invoice Finance facility through Navigate Commercial Finance.
The business experiences strong seasonal trading patterns, with peak activity during the summer months. When their existing lender exited the Factoring market and issued notice to clients, the company needed a fast and improved replacement solution.
Key issues with the previous facility included a restricted limit during busy periods, high monthly minimum charges during quieter months, and a lack of dedicated support.
The company preferred to retain full control of its credit control function to preserve strong customer relationships. We identified a specialist lender who understood the light contractual nature of the collateral, the business’s seasonality, and its working capital requirements.
The new facility delivered substantial enhancements:
- 100% increase in the facility limit
- Significantly reduced cost structure
- Lower Personal Guarantee requirement
- Annual minimums rather than monthly charges, aligning perfectly with seasonal cashflow
The transition was completed within the required timeframe, giving the business a far more flexible and sustainable funding solution.
This improved structure now supports peak-season growth effectively, reduces unnecessary costs during quieter periods, and provides the stability needed for continued expansion in the education sector.
A highly successful outcome that has strengthened the company’s financial position and operational flexibility.
