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Confidential Invoice Discounting

Updated: 14th February 2007 (PM)

Turnover: £1.1 million

Established as a partnership over 10 years ago, this road freight transport company became a limited company only 12 months ago. Looking to improve their cashflow, they were interested in a confidential invoice discounting facility, and had already had meetings with 6 factoring and discounting companies before approaching Sterling Capital Reserve. Despite having offers on the table, they did not feel comfortable to go ahead with any of the companies they had already dealt with. They wanted a more personal approach, and were looking for a company to work in partnership with them to help them achieve continued growth. They wanted a factoring and discounting company that could offer that little bit more in terms of service. We arranged for them to meet with a well-respected independent company who fitted the bill perfectly. Their representative immediately put the client at ease. Every aspect of the facility was explained in great detail, and all the costs were highlighted (so there would be no hidden extras). The client was delighted, and a week later they received their first payment from the discounting facility.