Going for growth – Tragopan Security Solutions Ltd
Growing businesses need access to working capital to be able to capitalise on new opportunities when they present themselves.
Whether it’s to buy more stock, purchase new equipment or hire the right people, access to a flexible funding facility can be crucial to drive growing businesses forward, as our client recognised.
Tragopan Security Solutions Ltd have been providing security and safety solutions to public, private and voluntary sector organisations in the UK since 2012.
When faced with an increase in sales the security firm found that their cash flow was stretched and they needed to find funding to support their working capital demands.
After hearing about Hilton-Baird’s services through a friend, Tragopan Security Solutions Ltd’s Operations Manager, Imran Ahmad, got in touch and we were more than happy to help find the facility that would help them achieve their growth.
We introduced the client to three funders which we felt would be able to offer exactly what the business needed. After carefully assessing the options presented, the client opted for a £40,000 factoring facility as they felt the fee structure and perceived level of service would be the most suited to their business.
Equipped with their new factoring facility the business is now able to access cash against invoices as and when they are raised, allowing them to bridge the cash flow gap between providing a service and getting paid so they can fulfil new orders with ease.
Four months later the client is very happy with the funding. And, with the help of their new factoring facility, orders have increased rapidly and the business is now on target to achieve an annual sales growth of between 350-450%.
For more information about Tragopan Security Solutions Ltd please visit: www.tragopan-security.co.uk
To see if Hilton-Baird Financial Solutions could help your business access funding for growth, contact our team on 0800 9774833 or info@hiltonbaird.co.uk. Alternatively, get a quick quote now to see how much you might be able to access.
