Debt Factoring helps plasterers expand after recession

Craig is co-Director of a plastering company in Yorkshire. Due the recession his overdraft had suited him nicely business had slowed, so he didn’t want to overextend himself. His competitors were closing throughout the recession, some due to debts, some just got fed up and decided to Liquidate.

As the recession ended, work start picking up again. In order to fund taking this work on, Craig went to the bank for an extension on his overdraft. Unfortunately the bank turned him down.

Craig began to look at Debt factoring as a solution to his problem. It gave him a truly flexible finance facility, that would grow as he grew. He knew he could secure the new contracts, safe in the knowledge the money would be there to fund his business.

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