Client: Main contracting construction firm

Client: Main contracting construction firm

Contracting construction - workers on scaffolding

Stopping a working capital shortfall impeding a growing business.

The client is one of the main contracting construction firms with a turnover of £270m per year

This client runs a big contracting construction firm based in North London. It focuses on piling, environmental services and concrete frames.

The challenge they faced was that they were being underserved by their bank. The result was they had a working capital shortfall, and this created a choke-hold on their growing business.

Once they had a more flexible finance facility from Woodsford TradeBridge in place, they were able to adjust payment terms to subcontractors from 30 to 60 days and negotiate improved terms for early payment. In addition to this, when considering materials, our client offered a proforma payment for a negotiated discount, managing to secure a rebate of up to 5%.

This facility meant that the client posted improved profits of £15m and are investing in a new manufacturing facility. Its portfolio of company logos can be seen on almost every major development in London.

You can find out more about this finance solution and how it could help your business on our growth page.

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