Essex Services Group’s latest funding package shows how a service business can use external finance to keep trading momentum intact when contract timing shifts.
The Essex-based company has been operating for more than 15 years and provides contract cleaning, mechanical and electrical services, and building maintenance. Its customer base includes property management companies and local authorities, placing it in sectors where reliability and continuity are central to winning and retaining work.
A delay to a major contract created pressure on cashflow at a point when the company still needed to fund wages, pay suppliers and keep operations moving.
To manage that pressure, Essex Services Group secured a £200,000 multi-product facility. This was made up of a £100,000 confidential invoice finance facility and a £100,000 secured loan backed by the director’s residential property. The structure gave the company access to immediate working capital while also creating more room to support broader operational needs.
It helped cover wages, maintain supplier payments, support marketing activity and add vans to the fleet. Each of those decisions has investor relevance. Covering payroll protects service delivery. Paying suppliers promptly helps preserve commercial relationships and can improve purchasing terms.
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.
