Speedflex, a Worcestershire-based engineering subcontractor, turned to asset-based lending in 2025 after traditional bank funding failed to provide the flexibility its business required. The company was dealing with uneven monthly income and delayed customer payments, a common pressure point in subcontract manufacturing, where cashflow can come under strain even when demand remains in place.
To address that, a £650,000 facility was put in place, made up of £250,000 in confidential invoice finance and £400,000 in asset finance. The structure gave Speedflex immediate support for working capital while also providing funding for operational investment.
The invoice finance line helped the business manage the gap between issuing invoices and receiving payment. The asset finance element gave Speedflex the ability to invest in machinery without putting additional strain on cash reserves.
Over the following 12 months, the impact appears to have been significant. Speedflex says the facility helped stabilise cashflow, support new machinery investment and fund recruitment. It also gave the company the headroom to move forward with a broader growth plan. The company now says it is better placed to handle downturns in trading and to focus on strategic partnerships, procurement efficiency and wider contract opportunities.
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.
