Due to their rapid growth, this CAD Designer faced challenges in fulfilling orders and ultimately had to resort to entering a Company Voluntary Arrangement (CVA).
In order to keep the business afloat, they had to inject funds from their personal finances, as their existing provider imposed restrictions on payment from their largest debtors. Recognizing the importance of maintaining adequate cashflow, our client began engaging with their bank, but the CVA situation posed a threat to their ability to trade effectively and strategise for the future.
They looked to invoice finance for the next step. Read more here