A Norfolk firm which specialises in finding and structuring funding to help local business prosper and grow has been recognised with a prestigious national award.
B2B Cashflow Solutions, which has been a finalist in the Business Moneyfacts Awards for the past four years (‘Highly Commended’ last year and ‘Commended’ in 2014), this year became national winner in the category ‘Best Asset Based Finance Broker’ at the Lancaster Hotel in London on 17th March against stiff competition from eight other finalists across the UK.
Launched in 2006 by directors Ian Hart, Nick Flower and Simon Reynolds, who between them have nearly 90 years commercial finance and business banking experience, B2B Cashflow Solutions is an independent commercial finance brokerage and consultancy, based in Framingham Pigot, which has developed a range of products and services to accommodate the whole-life finance cycle needs to support the growth aspirations for local businesses.
Since becoming one of the first commercial finance brokers in the UK to be authorised and regulated by the Financial Conduct Authority in March 2015, the firm has invested heavily in its infrastructure to underpin a 47% growth in its team of financial professionals throughout East Anglia and across the UK.
This geographical expansion has been complemented by further diversification of skills within the team. An accountant, a real estate consultant, and a business coach are among the seven highly experienced professionals B2B Cashflow Solutions has successfully attracted so far this year from financial organisations, and banks including HSBC and Barclays.
Simon Reynolds commented ‘Our aim has always been to develop a brand which local businesses could trust and identify with to find and structure funding which helps them prosper.
We believe our Business Moneyfacts Award represents recognition nationally that a Norfolk firm is leading the way in helping other local and UK businesses to achieve their own growth aspirations’.
Specialising in finding cash for businesses, and restructuring existing funding for companies to reduce debt burden and improve cash flow, B2B Cashflow Solutions aims to deliver these solutions, often where traditional mainstream funders have failed, through a diversity of alternative markets, and works closely to support its banks relationships and other professional partners.
Examples of success in helping local businesses range from delivering funding within a £2.6 million project to build an anaerobic digestion plant for Muntons Plc’s maltings facility in Stowmarket, to sourcing the investment which facilitated the management buy-in of Quinto Crane and Plant Ltd, a leading crane hire company based in Norwich.
Products include asset finance, fundraising against existing working assets, invoice finance, unsecured business loans, commercial mortgages, grant funding, and research and development relief. The company has also developed its own financial health checks to help business owners reduce debt and improve cash flow.