A fast-growing industrial recruitment business in South West England has secured a new £1.8 million confidential invoice finance facility, giving it the working capital base needed to support further expansion across the UK. The business supplies high-volume temporary labour to warehousing, logistics and distribution companies, operating in a segment where timing and cash conversion are central to commercial momentum.
Its model is inherently working-capital intensive. Hundreds of temporary workers must be paid each week, while customer invoices may remain outstanding for as long as 60 days. That mismatch between payroll commitments and debtor receipts had created recurring pressure on cash flow, despite the underlying pace of demand in the business.
The refinancing also came at an important moment for the business. Its previous funder had withdrawn support following a policy change, leaving management in need of a replacement funding partner capable of backing the next stage of development.
The new facility was structured as confidential invoice finance, providing a stable and scalable source of working capital aligned to the company’s trading profile. By matching funding more closely to the rhythm of receivables, the business is better positioned to manage growth without allowing liquidity pressure to build in the background.
The facility has been designed to accommodate a planned increase to £2.0 million ahead of key seasonal trading periods such as Christmas and Easter. That forward capacity is strategically relevant because it allows management to plan for higher volumes without relying on reactive measures at the point when demand is already rising.
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.
