Bibby provide new facility to a business that has just gone into a CVA
Bibby Financial Services have provided a new invoice finance line to a business that has just entered into a Corporate Voluntary Arrangement as a means of protection from its pressing creditors. The incumbent factor were not willing to support the working capital requirements of the business post CVA so we have re-financed the existing facility, provided additional working capital and obtained a higher insured limit on the main debtor that accounted for 50% of their sales. We have no issues funding businesses that have encountered cashflow problems following a dip in sales or where they have suffered bad debts or where their clients are taking much longer to pay them. We are very much open for business and if you would like to discuss any cashflow funding then please contact Tony Clampin on 07715 061011. Roll on 2012!
Posted by: Bibby Financial Services
