The business is an independently owned innovator in custom-made transit packaging, specialising in end-of-line and general dispatch packaging made from corrugated cardboard and polythene.
Formed in 2002 with a vision to provide maximum quality of service to packing users in the Yorkshire and Lancashire regions, the business supplies many different markets including the automotive, pharmaceutical, food and food-service sectors.
They have an extensive storage facility in Bradford, providing full stock and distribution services on all regular custom-made packaging lines, supported by accurate inventory management and efficient customer service via their administration team.
The need for custom-made transit packaging solutions is increasing and the lead-times are shortening. The business tried to evolve their services so they could embrace this change.
Unfortunately, the business lost a significant contract representing approximately 30% of their annual turnover. This had a detrimental impact on the business - affecting their bottom line significantly.
While the business was working hard to try and remedy the issues internally, they were in desperate need of funding due to suffering short-term cash-flow issues which were starting to impact all areas of the business.
As the business was in need of support as soon as possible, Access Commercial Finance acted quickly. Our dedicated team worked thoroughly and promptly while ensuring that we had a full understanding of the client’s requirements - not just at the time but also for the future.
A £40,000 Unsecured Business Loan was approved within 24 hours and the funds were paid into the client’s account within 3 days of the initial enquiry. This enabled the business to pay suppliers and other outstanding bills, as well as allowing them some much-needed breathing room.
The business used some of the funds to refocus their sales efforts, this resulted in them winning more contracts to replace the contract initially lost. As the business has continued to grow, they have used Access Commercial Finance on three separate occasions to date to help support their growth and expansion plans.