| Development
strategy for emerging companies
Cashflow is the lifeblood of any company and even more so
during the first years of operation. In order to build a business
momentum, working capital levels need to be sufficient to
support ongoing investment in resources - be it stock, staff,
premises or equipment.
With the first customers availing of the service or product,
an emerging company needs to be able to access the cash generated
to step into the growth cycle.
Have a look below at some of the emerging companies we have
supported to date:
To DEALS ARCHIVE
Menu >>
£1.2m Printing Company
£1.2m funding to support working capital requirements
of a start up company
Launched in June 2002, our client is a specialist
producer of web, lithographic, screen and digital printed
products. Their range includes development and production
of marketing collateral, point of sale materials plus in store
media. Set up by a team of highly reputable and experienced
directors, our client has already secured an exclusive print
contract with a major multinational DIY retailer. As part
of their expansion strategy, the imminent acquisition of a
successful screen-printing business will expand our client’s
customer base by an additional number of high profile retailers.
In order to allow the business to maintain
their momentum after a successful initial launch, our client’s
bank identified the possible benefits that an invoice finance
facility could provide. As a result EFE
worked with the management team to ascertain both existing
and future working capital needs, as well as the anticipated
exit strategy for initial investors. With this information,
EFE was in a position to deliver an appropriate funding solution
to maximise business potential while preserving the stability
of the company.
Let us help you unlock the potential of your
business or investment - contact
us today.
back to top
>>>
£500k IT Contract Recruitment Company
£500k funding to support working capital requirements
of a new company launched in 2001 with the aim of exploiting
the potential within the IT contract recruitment market, our
client company is managed by a team who have been working
within the IT recruitment industry since 1993. Our client
provides a quality database of IT skills to a range of blue
chip clients, predominately exported across the EU.
With the downturn within the IT industry and as a consequence,
in the temporary recruitment market worldwide, our client
has moved quickly to match the company operations to market
demand. Having developed a solid business growth strategy,
based on previous successes within this industry, the management
team were keen to investigate the funding support and flexibility
that a receivables finance facility could offer. Following a thorough assessment of our client’s requirements, EFE
delivered an appropriate Euro facility to both meet existing
and future working capital needs of this expanding business
and to cover against exchange rate risks.
Let us help you unlock the potential of your business or investment
- contact
us today.
back to top
>>>
£300k Electronic Components Manufacturer and Supplier
£300k working capital facilities to aid the growth of
the emerging business
Our client is based in Essex, with a manufacturing
operation in Tunisia. The majority shareholder of this new
venture set up the business in 2002 by acquiring the manufacturing
operations of his previous employers, who went into administration.
With a loyal customer base and robust business strategy, our
client both manufactures and supplies electronic components,
sourcing the raw materials in the UK, manufacturing at a low
cost, efficient facility in Tunisia, with sale of the final
product in the UK market. The wide product range includes
ISDN testing units, neon indicators, circuit board and sensors
for lampposts.
With a view to ensuring that our client had
the facilities required to implement their progressive business
strategy EFE
conducted a thorough assessment of the current and ongoing
cash requirement and delivered both sterling and dollar facilities
to meet these needs.
Let us help you unlock the potential of your business or
investment - contact
us today.
back to top >>>
£450k Manpower Agency
£450k to support the business development plans of a
start up manpower agency
Recognising the growth of the pharmaceutical
industry in the South West of Ireland, our client has recently
set up a Cork-based business to meet an increased demand for
experienced engineers.
Our client expects to fulfil its customer
requirements by importing contractors from the UK, generating
90% of turnover through temporary recruitment contracts, lasting
for up to 12 months. The business will operate from managed
offices in the centre of Cork, from where blue chip national
and international businesses will be targeted and serviced.
With a small but experienced management team
already in place, our client expects to generate income of
€1.5m in year one.
In order to support the business as it develops
EFE has structured a
flexible working capital package that will release the value
of invoices as they are raised, in order to allow continual
re-investment to achieve growth projections.
EFE in Leeds was introduced to the opportunity by
the business’ UK based Director. EFE commented “with
this being a new start business based in Ireland it wasn’t
the simplest proposition, however the success of the UK business
gave us confidence and with our Dublin office able to offer
support we were able to deliver”.
Let us help you unlock the potential of your
business or investment - contact
us today.
back to top >>>
£500k Fashion Clothing Distributor
£500k to support start-up business
Our client is a new start business, set up
after acquiring the trade and stock of a business placed into
receivership in early 2004.
Up until 2001, the original business was
successful at manufacturing women’s fashion clothing
in the UK for the high street retailers, with turnover of
circa £10m and a profit before tax of over £350k.
Following a decision to source cheaper product
from overseas, particularly by their main customer, the business
had to restructure, in the form of transferring some of it’s
own manufacturing overseas. Suffering a decline in turnover
and unable to support extensive business loans associated
with their remaining properties, the original business was
wound up.
These unfortunate circumstances presented
an excellent opportunity for our client, who developed a robust
business plan, leveraging off the existing customer and stock
base. Combining investments in low cost overseas manufacturing
units and a keen knowledge of cost effective distribution
within the textile industry, our client plans to focus on
supplying a tight, loyal customer base with low value, highly
fashionable, seasonal clothing.
In order to fund their growth plans, our
client sought a funding partner who could meet their requirement
for significant debtor concentrations and seasonal demands.
As a result, they accepted the flexible funding solution delivered
by EFE. With
a forecasted turnover of £3.5m for 2004, the solution
delivered provides the headroom for our client to successfully
launch and develop their new business.
Let us help you unlock the potential of your
business or investment - contact
us today.
back to top >>>
|
