We take a closer look at four businesses who have recently chosen to partner with us to help support their future plans.
We pride ourselves on being able to offer a range of flexible invoice finance funding facilities that are tailored for each business’s needs, we take the time to understand our clients ambitions and goals and provide them with ongoing support and a high level of expertise.
Here are four businesses who have recently partnered with us. They reveal exactly why they chose Aldermore over other lenders.
Name: Capital Cool Refrigeration Limited
Facility: Bulk Invoice Discounting
Amount lent: £2 million
Business growth plans: The working capital facility from Aldermore will help finance Capital Cooling’s everyday working capital requirements and ensure the business can achieve its ambitious growth plans. Aldermore completed the refinance of the business following an introduction from Rcapital, who invested in the business in December 2017.
What they said: “After we invested in the Capital Cooling business, we looked for a funding partner to ensure the necessary support was in place to meet its growth projections. We are delighted that Aldermore was able to meet those needs and move quickly to complete the transaction following agreement of heads of terms. We were pleased that the Bank took the time to understand our business, and went above and beyond to tailor their offering to meet our requirements”. Phil Emmerson, COO of Rcapital.
Name: Taybridge Construction
Facility: Construction Finance
Amount lent: £400,000
Business growth plans: The funding from Aldermore will enable the business to manage its projects with confidence, and allow the company to invest in new equipment and training. Taybridge has previously received a factoring facility to access periodic increases in turnover.
What they said: “We chose Aldermore because of its reputation for delivering on its promises, and it certainly has. The funding process is far smoother than with our previous bank and Aldermore is a much better fit to our company and goals. We now have the support and financial confidence we need to plan for the long-term and continue to deliver high-quality construction to the North West of England.” Stephen Taylor, Director of Taybridge Construction.
Name: John Hargreaves (C&H) Limited
Facility: Asset Based Lending
Amount lent: £6 million
Business growth plans: The new funding lines will allow the company to execute ambitious plans to further grow its market share and increase production to over seven million square meters of cardboard a month.
What they said: “Through the journey of speaking to various banks, Aldermore immediately shone through. The team demonstrated from the outset its flexibility to create a bespoke funding package that not only met our present business needs, but our future objectives as well. Compared to our previous interactions with other banks, Aldermore has provided a refreshing change. This funding will allow us to secure our supply chain, maintain our competitive purchasing position in the market, and allow us to keep thriving for another 100 years.” John Hargreaves, Managing Director, John Hargreaves (C&H) Limited.
Name: Mynt Recruitment
Facility: Invoice Finance (Factoring)
Amount lent: £825,000
Business growth plans: Focusing on the supply of up to 300 temporary workers in engineering, production, manufacturing, logistics, commercial, and sales roles at any one time, Mynt Recruitment required additional funding to support rising demand.
What they said: “We have established a strong working relationship with Aldermore. And 2018 and 2019 are pivotal years for us, with the opening of new premises and substantial technology investment. We know that the Bank will continue to provide the necessary support to help us grow our business further.” John Stanton, chairman of Mynt Recruitment.
At Aldermore, our aim is to get finance flowing for businesses across the UK. And, at the same time, support the many different types of businesses that reach out to us every day. That’s why we offer such a diverse range of packages to cater for companies of all different shapes and sizes.
We’re proud that our financial products have helped us support over 56,000 businesses and we’ve lent £2.5 billion since 2009, which makes us one of the fastest growing banks in the UK.
Ross McFarlane, Commercial Director of Invoice Finance, at Aldermore said: “We’re delighted to welcome new clients and will continue to partner with ambitious companies who are looking to grow their business. We take pride in getting to know and understand our client’s individual requirements and offer them a finance solution to fit their business needs. We look forward to seeing our clients’ grow from strength to strength and continuing to partner with them in the future.”
Are you looking to help your client's business grow? Get in touch with our team of experts to discuss their needs and we can discuss which facility might be the right fit for their business.
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