The client was a mid-size motor parts group going through a period of rapid expansion. They were in the process of arranging invoice factoring finance from one of the big four UK banks. In the interim, they needed urgent cash flow support of £300K till their facility was in place.
Vipark transacted via the client's advisors to get the necessary information and guarantees in place so as to release funds within 2 weeks.
The bank facility took 4 months to establish but in the meantime their business expansion continued in the desired trajectory with our support.
To maintain client confidentiality, we have provided a generic outline only.