A West Midlands-based haulage company specialising in road surfacing has charted a remarkable journey of growth since its establishment in 2020. With an impressive client portfolio and a reinvestment-driven strategy, the business achieved significant success in 2023. However, the pace of their expansion introduced challenges, particularly around cash flow management, as they navigated timing gaps between incoming payments and outgoing obligations.
To alleviate these pressures and support their rapid growth, Time Finance crafted a bespoke funding solution. By combining a £120,000 invoice finance facility with a £150,000 asset finance facility, the package not only stabilises their working capital but also facilitates the acquisition of a new HGV truck. This dual approach ensures the business can meet immediate operational needs while scaling its capacity to take on additional demand.
To further fortify their financial position, Time Finance provided Selective Bad Debt Protection. This safeguard shields the company from potential customer non-payments, reinforcing their cash flow stability amidst ongoing expansion.
With these tailored solutions in place, the company has the liquidity and resources to sustain its upward trajectory. The immediate relief from cash flow constraints empowers them to seize new opportunities confidently, while the additional vehicle boosts their operational capacity and revenue potential. The partnership underscores Time Finance’s commitment to delivering flexible, expert-led solutions that enable businesses to thrive in competitive, high-growth industries.
This haulage company is a specialist in road surfacing, serving the UK with quality and reliability at its core.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.
