Recognising the strength of Frazer’s firm, Rick set about incorporating Securit into his business Securit East Midlands. Aldermore provided £700,000 in confidential invoice financing, along with an advance of £85,000, which meant Rick had the funds he needed to acquire Frazer’s firm quickly without his clients being impacted.
The invoice finance service was set up within a week so that Rick could purchase Frazer’s business and continue with what he does best, supplying quality security personnel to the businesses of the East Midlands. Under the invoice finance arrangement Rick can now file his invoice by 1pm and get 85% of the invoice by 9am the next day. This is helping Rick’s cash flow and ensures he never has to turn away a business opportunity.