Engineering and Machining

With the rising demand for engineers and machinists, those working within these industries are in high demand. But in order to maintain a quality service, it’s important that those in the engineering and machining industry have a healthy cash flow to support them.

This isn’t always easy to do alone, which is why we can help with a series of financial solutions tailored to suit your needs. Whether you’re a start-up capitalising on the nation’s demand for engines, machines and construction projects, or an engineering business that is already well established, our invoice finance solutions can help you on the road to success.

Helping you to manage your cash flow effectively

Managing cash flow efficiently is really a matter of life and death for a new business. If you find yourself overwhelmed with late payments and spending most of your time chasing customers for money, then factoring may be the answer.

Factoring allows us to purchase your unpaid invoices from you. We’ll give you up to 90% of the money that you are owed and will chase your debtors for payment.  Once your customers do pay, we will then release the rest of the value of your invoice, minus our fee. We’ll also run credit checks and control your sales ledger for you, meaning that you can devote extra time to your company.

On the other hand, if you’d prefer to keep a close eye on your ledger and continue to monitor payment collection yourself, Invoice Discounting may be a better option. We won’t run credit checks on your behalf or manage your ledger, but we can give you a high percentage of the money owed to you almost instantly.

Buying or remortgaging a property for business purposes?

If you're buying a commercial property to rent or buying or remortgaging a property for use as business premises, Aldermore’s Commercial Mortgages solutions can be just for you. Unlike other business banks, we don't publish rate information. Instead, we'll set an individual rate based on the strength of your proposition. And rest assured, our dedicated lending managers will oversee your application and keep you informed at every step.

Business Savings

If you run a business, you’ll know how hard it can be trying to juggle the demands of managing staff, customers and cash flow. Our Business Savings accounts specifically designed for business use are simple to use and you can open one online. There are no gimmicks, bonuses or introductory offers to keep an eye on, just a guarantee of straightforward market leading rates and expert service.

Don’t just take our word for it, read our customers’ opinions about our Business Savings products.

Featured products for your engineering and machining business

Trade Finance

We can make payments directly to your UK or overseas suppliers, reducing the stress on your cash flow whilst you grow your order book.

Want to read more?

Our Products

Trade Finance

We can make payments directly to your UK or overseas suppliers, reducing the stress on your cash flow whilst you grow your order book.