Newport office adds the funding ingredient to produce cashflow boost for local bakery business

We have recently supported a well-established commercial bakery with a £350k invoice finance facility to boost its available cashflow as seasonal demand from its supermarket customers ramps up in the run up to Christmas.


The business had previously relied on an overdraft and an injection of shareholder and director loans but needed a more flexible arrangement that could be utilised for busy periods and turnover spikes and to provide funding peace of mind against a highly concentrated, yet credit worthy group of customers.


Not only have we provided a solution that significantly increases their cashflow at critical times, but have structured their facility in a way that remains competitively priced in times of high utilisation and proportionate during periods of low usage and trading activity.


Our funding has enabled the business to successfully purchase the uplift in raw materials and supplies needed, provided a means to cover its increased overheads and enabled it to bring back its furloughed staff much earlier than anticipated. Our dedicated client relationship team has worked closely with the business to further improve its cashflow by reducing their customers average payment terms, a feature of our enhanced credit control offering.



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Advantedge Commercial Finance Ltd, Registered Company number 04206708.

Advantedge Commercial Finance (North) Ltd, Registered Company number 08579241. 

 

Registered office address: 1 London Street, Reading, Berkshire, RG1 4PN 

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