Invoice Finance - offshore survey company.

  • £25 million T/O operation fully supported by its bank.
  • Experienced a cash-flow deficit due to misguided strategy.
  • The bank progressed Invoice Finance and completed full audit report.
  • While Barclays remained fully supportive the bank could not overcome the ‘milestone’ issues within the trading contracts.
  • After a joint meeting with customer and their bank, two independent IF lenders engaged.
  • £3 million borrowing facility provided to the customer.
  • B2B also secured funding for Directors personal yacht costing £200K.