After banking for many years with a leading high street bank a change in bank manger brought a breakdown in the relationship to the extent that a group of companies was asked to look for alternative bankers despite it having a strong forward order book.
Seeking our assistance, the company was able to successfully transfer banking facilities. In addition we sought further help in the shape of a £50k loan from Partnership Investment Finance (PIF) to provide the company with additional working capital.
The company recently reported its most successful trading period and has repaid in full an original £250k Small Firm Guaranteed Loan. We are currently assisting the company to source further funding to enable it to consolidate operations with its main supplier.