Achieving capital expansion

PPS is the UK’s market-leading provider of contract polishing for stainless steel plates and sheet for a variety of industries. As a long standing family business, they decided to invest in their future success by purchasinga new double-headed line from Italy. But the unique circumstances of the manufacturing industry meant that a flexible funding solution was needed.That’s why their broker, go2assetfinance, turned to Aldermore.

Graeme Ferguson Parr, Operations Director of go2assetfinance comments: ‘Manufacturing kit is usually bought with 40% deposit, 40% on shipping and 20% when commissioning is complete, so funding is more complicated. Lead times can also be very long, but by using Aldermore’s unique offering, a flexible funding deal could be offered to create a flexible funding deal that protected our client’s cash flow.