A family run aggregates business has secured £1.29 million in structured funding to complete a financial restructuring and stabilise its operations.
The funding was arranged by Time Finance and combines several lending products designed to address both immediate working capital pressures and longer term operational requirements. The package was structured to support the business as it moved through a period of financial adjustment while maintaining trading activity.
The company operates in the aggregates sector, supplying materials used across construction and infrastructure projects. Businesses in this area are closely linked to construction demand and often require significant equipment and transport capacity, making access to working capital and asset backed finance an important factor in maintaining operational continuity.
The facility included a £400,000 invoice finance line which allows the business to release cash tied up in outstanding invoices. By converting receivables into immediate working capital, the company can improve day to day liquidity and support ongoing trading while rebuilding financial stability following the restructure.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.
