Security
Client Case Study
The Client.
A Middlesex-based security firm with 10 years trading history.
The client offers a range of services including retail security, CCTV monitoring services, facilities management security and mobile-patrol units. A well-established firm, their clients include local councils, the NHS, financial institutions and legal firms.
The Requirement.
Like a lot of firms in the security industry, cashflow was an issue for this client. Whilst they were invoicing for significant sums of money due to their clientele and the nature of their services, they were often chasing clients for payment or having to wait 60 days or more for invoices to be paid.
As they were taking on more contracts, their staff levels increased and they were in danger of not being able to pay staff on time due to the delay in invoices being paid.
The Solution.
With a vast level of expertise in overcome these challenges, our expert team at TML Finance were able to source a £1million Invoice Finance facility for the client.
The facility was arranged and fully set up just one week from the initial enquiry.
This has completely removed the cashflow challenge from the business, allowing them room to breathe as they continue to expand and take on more work, secure in the knowledge that they have access to plenty of funds to meet their financial obligations on time.
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