4Syte set-up their business in the middle of 2016 and put their first deal in place soon after; offering Invoice Finance funding to SMEs. Like many businesses, 4Syte’s main objective is to grow and to take on more clients. But they also have ambitions to continue their growth by providing additional services.
Nick Sellars, Managing Director, at 4Syte said: “We would like to offer different kinds of finance between businesses. It might be import or export. It might be supply chain finance. We basically want to finance businesses that are trading with other businesses”.
In order for 4Syte to achieve their goals, they were looking for a flexible funding partner with a pro-active approach. They began by searching the Invoice Finance market for the best deals available, and spoke to those in the marketplace. Having shortlisted other lenders, Aldermore were the most suitable due to the fact that they were able to structure the right deal for their business, and fully understood what they were looking to achieve.
“Aldermore were recommended by someone who has a lot of experience in the market. Luckily for us, it came at a time when they seemed to be happy to work with another financier. They really understood what we wanted to achieve and were quick and responsive. They knew what they were talking about and understood our market, and did exactly what they said they would do. They understood the risk and how to structure a deal that would allow our kind of business to work. Once we got talking there was no question Aldermore were the perfect fit for our company” Nick said.
Aldermore are proud of the relationships they have built with their clients. And that seems to be something that allows them as a lender to stand out from the crowd. The fact that 4Syte have significantly increased their funding facility, demonstrates how well the relationship is working and has developed.
Nick said: “They supported us from day one which has formed a close and personal relationship. They track our financial performance on a monthly basis. Most importantly, we have the kind of relationship, where several of our staff speak to them on a daily basis. They are very good operationally and strategically, they don’t just look to the now, but to the future too”.
4Syte is a prime example of a business who have benefitted from this level of service, which has aided their impressive business growth and development in a short space of time.
Howard Atkinson, Senior Relationship Manager, at Aldermore said: "4syte came to us looking for a flexible funding partner, and wanted to work with a lender who would be proactive, and help them to grow and evolve. And that's exactly what we offered. We're not only supporting our client 4Syte, but their SME clients too. It's very nice seeing a good business doing well. The potential they have is very exciting and we look forward to helping them realise this potential.”