£1.2m Invoice Finance Facility Secured

 Industry: Financial services

Turnover: £9m

No. of employees: 45

Region: Norfolk

Overview of the Company: Theis company has provided financial services solutions to consumers through a variety of serviced products. They initially had encountered difficulties accessing finance until we found a solution. 

Why they needed invoice finance: “Getting access to finance was becoming a challenge for our business, essentially nobody could understand what we did. After discussing our situation with GPS, we were able to change some internal processes and then discuss these with prospective funders. The ability to pivot the perception of our business helped us to bring forward our cashflow to generate client acquisition and further enhance our future profitability” Owner

How invoice finance helped their business: “from engaging with GPS to the facility going live took around 3 weeks, yet we had been searching for over 3 months for someone to understand our requirements. This meant that from day 1 we could utilise the funds to fund our marketing activities and within 2 months we had seen significant growth.” Owner