Set up in the summer of 2010, an ambitious civil engineering company specialising in the erection of mobile phone masts planned to expand into other products including street lighting and construction. The director outlined the company’s challenge, “Our customers insist on 45 day payment terms, which in reality means it can be up to 75 days before we get paid. We need cash to pay our staff and buy the materials needed to complete projects. As a new business our working capital was limited so it was essential that we found a source of finance if we were to get up and running.”
Touch Financial is the trading name of SFP Brokers – here’s how the company director found our service: “We initially went to a major bank with £120k of orders in hand before we’d even begun trading. But they were dragging their heels and the process seemed to be going nowhere. Fortunately Touch came along and very quickly set us up with Aldermore, who gave our working capital that vital boost through their invoice finance.”
“Touch responded to our need very quickly and we’ve found Aldermore to be very professional in their dealings with us. Touch also make a point of staying in contact and make us aware of other products that could be of benefit to us.” said the company director.
Touch Financial works with engineering companies across the UK to find the business finance they deserve, including invoice factoring and invoice discounting.