Industry: Clothing Wholesaler
No. of employees: 3
Region: South Wales
Overview of the Company: This rapidly growing firm is the UK arm of a major European sportswear brand. Set up three years ago it’s already established a firm foothold in the market supplying retailers across the UK.
Why they needed invoice finance: “With turnover increasing by over 50% per year we need capital to invest in the growth of our business. We also pay for all our imported stock up front. This means that we need the money from factoring to keep the operation running and to keep us on track to hit our ambitious targets.” Director.
How invoice finance helped their business: “We’ve always used invoice finance as part of our working capital strategy. We review the market from time to time to make sure we’re still getting the best deal, because it’s wise to be prudent. With a good finance deal in place we’re able to keep the cash flowing, pay our suppliers and staff and continue expanding our customer base.” Director.
Customer comment on Touch and the lender: “Touch made contact just as we were looking to change lender, which was perfect timing. They put us in contact with three alternative funders and we chose the one that was best suited to our needs. It was all very straightforward and the new arrangement is working out fine.” Director.