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It is our ambition to grow the level of new business that comes from your quality introductions.
In a recent survey, many of you told us you would like to hear more from us, specifically about our products, sector and market insights, as well as the types of transactions we support. On this page, we bring you information and sources of support you may find useful to be able to better work with us and service your clients.
Product: Invoice Finance Funding line: £650,000 Sector: Recruitment
Our new client, a temporary recruitment agency specialising in the dental sector, faced funding restrictions from its bank. We stepped in with a £600,000 Confidential Invoice Discounting (CID) facility. Through swift action, including arranging a deed of priority, we ensured that 400 staff received their final pay package before Christmas, safeguarding jobs and livelihoods during a critical time. The entire process, from lead to payout, was completed in just five days.
Product: Forward Finance Funding line: £50,000 Sector: Construction
We supported a Kent-based security contractor with a £50,000 Forward Finance facility. With a strong contract in place with a blue-chip client and more deals in the pipeline, this facility offers the necessary working capital to support their growth.
Product: Construction Finance Funding line: £4.5 million Sector: Construction
We provided a £4.5 million Construction Invoice Discounting facility for a Midlands-based groundwork business. This funding was instrumental in enabling their acquisition of another business. The deal was secured thanks to the straightforwardness of our processes and our capacity to finance uncertified applications for payment.
Product: Invoice Finance Funding line: £1.5 million Sector: Recruitment
With our support, our client who is a long-established recruitment company, successfully restructured into a ‘newco.’ Our £1.5M Confidential Invoice Discounting facility played a crucial role in saving the business from liquidation. This complex deal involved refinancing the existing business from its bank funder.
Product: Invoice Finance Funding line: £450,000 Sector: Fleet Maintenance Services
Faced with urgent cash flow needs due to restrictions from their previous funder, our West Midlands-based client required a £450,000 Disclosed Factoring facility, which we provided with a higher prepayment. The entire process, from initial meeting to payout, was completed within 8 working days, ensuring they had access to the funds when needed.
Product: Combined facility with Bad Debt Protection Funding line: £1 million Sector: Construction
We provided a Southwestern-based cement and aggregates business with a £1M Combined facility with Bad Debt Protection. Having successfully supported their sister company early last year, they trusted us to get their new business off the ground swiftly.
Guide: Find out more about our range of finance solutions and how they can help your clients to thrive and grow.
Video: Kully Bargota, Business Development Manager – Construction, takes a deep dive into our specialist Construction Finance solution and how it can benefit your clients.
Guide: Read through our case studies to find out more about the types of clients we support, the relationships we build and the finance solutions we offer.
Article: Growing our support for businesses
In our latest article featured in Moneyfacts, Stephen Hand, UK Sales Director, discusses how BFS continues to drive growth for SMEs through innovative financial solutions. Highlights include BFS's recognition as Factoring and Invoice Discounter of the Year at the NACFB Commercial Lender Awards and the ongoing expansion of its support for the SME sector.
Research: SME Confidence Tracker Q3 2024
The latest SME Confidence Tracker highlights a cautiously optimistic SME community. While 68% of SMEs anticipate sales growth in the next six months and 52% plan significant investments, challenges remain. Rising bad debts, prolonged payment times, and a complex external finance landscape hinder growth. The findings underscore the need for targeted support and actionable Government policies to help SMEs unlock their full potential.
Research: Trading Places Report
We spoke to 500 UK-headquartered businesses that import and/or export goods and services overseas. Even with difficult trading conditions globally, SMEs remain cautiously optimistic, focusing on opportunities ahead. Half of those who export and a similar proportion of importers (45%) believe sales volumes will increase over the next six months.
Our teams across the West Midlands, London, and the Southeast hosted two key construction sector events, bringing together intermediaries, professional service providers, and industry experts.
In Birmingham, our West Midlands team held a Construction Sector Briefing featuring market insights from Naismiths and dispute resolution strategies from Freeths. Meanwhile, our London & Southeast team co-hosted a construction event with Gallagher Insurance, covering Bond and Trade Credit solutions, followed by a Q&A with Gallagher's Rugby Ambassadors.
We were delighted to attend construction expos across the country, from the UK Construction Week to the Kent Construction Expo and the Welsh Construction Expo. Our teams connected with construction businesses and intermediaries, discussing industry challenges and showcasing how our solutions, including Invoice Finance, Asset Finance, and FX, can support SMEs in the sector.
If you are new to BFS or don’t currently have an up-to-date point of contact, give us a call on 0808 501 6619 or fill out your details below and we’ll be in touch.