Across its many divisions this enterprise provides refurbishment, relocation, security, and maintenance services for commercial sites.
Current clients include blue chip companies.
They have strong ambitions to service even more contracts and grow the business.
The company had diverse revenue streams and strong growth, turning ove £4.2 million the previous year with a net profit of £244k.
They had an existing expensive loan of £125k over 24 months at 29% interest. Their cash flow was under pressure from servicing the loan costs of £8k+ per month.
The management team needed funds to take on more people to work on new contracts.
We suggested restructuring their existing debt using a £200k loan over 60 months at 13.3%.
With this new product in place, their monthly repayments fell to under £5k and the extra cash enabled them to immediately take on more team members.
The new contracts put them on schedule to reach £6m+ in revenue.
We additionally supported this business free up cash by putting in place invoice financing. Read more>
Risecap helps businesses access business finance, working directly with businesses and their trusted advisors. Risecap typically receives a commission or finder’s fee from lenders which will be clearly outlined. The amount of commission received may vary depending on the product or lender chosen.
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