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Expert Group are driving the road to success

Aldermore provided a £1.8 million invoice finance facility to Expert Group (UK).

Understanding finance requirements

Aldermore provided a £1.8 million invoice finance facility to Expert Group (UK), an employment agency headquartered in Deeside, which provides high quality drivers to companies.

Understanding their finance requirements allowed us to create a bespoke invoice finance package to meet business needs.

A Recruitment Business with a Difference

Expert Group prides itself on being a recruitment business with a difference. Because its directors and most of the office staff are from a logistics background, with many being Class 1 drivers, they understand the needs of their customers more than most, enabling them to provide highly specialised services.

Expert Group currently operates from a number of locations throughout England, Scotland and Wales, with plans to open a further six branches in 2014, starting with Dartford and Wakefield. Such ambitious growth plans require a strong cash flow and so Tony and Mike enlisted the help of Aldermore’s invoice finance team to ensure access to cash was never a barrier to growth. 

Seeking out a finance facility

Aldermore recognises that for a wider variety of reasons receiving payment on invoices can sometimes be slower than expected, creating stresses on cash flow, especially within the recruitment sector. An invoice finance facility can help speed that process up. Aldermore’s invoice finance facility means Tony and Mike can now get access to a proportion of the value of their outstanding invoices within just 24 hours. This ensures they have access to an ongoing source of cash should an opportunity come along. Tony Osborne, Director at Expert Group, says: “We’ve been fortunate to see the agency grow over the last few years despite the tough economic climate. Now that the economy is on the up again we see no limit to our potential future growth.”

Simon Maddocks, Associate Director at Aldermore said: “Like Expert Group, Aldermore has a regional office network across the UK, so we understand the challenges and opportunities they face in each area. Our cash flow finance products are designed specifically with SMEs like Expert Group in mind as we are determined to help local businesses get ahead. I love to see enterprising firms like Expert Group going from strength to strength with our help.”

 

See what our Bank can do for you…

If you would like to find out more about how Aldermore could help you achieve your business dreams you can read more about how we have helped companies just like Steve’s by visiting www.aldermore.co.uk/invoicefinance or you can speak to one of the team directly by calling 0800 721040

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  • Finance
  • Business
  • Invoice Finance
  • SME
  • Case Study
  • Finance

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