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Our range of flexible business finance solutions includes Asset Based Lending, Invoice Discounting and Factoring along with Bad Debt Protection.

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IGF – Insight That Delivers

Branagan Flooring Services Ltd
Branagan Flooring Services Ltd

£350,000 Factoring Facility

Ambitions

With over 30 years’ experience, Branagan Flooring Services Ltd (Branagan Flooring) is a highly regarded Manchester based firm of commercial flooring contractors. Recent projects have included care homes, primary schools, museums, hospitals and food preparation facilities.

Business is booming for Branagan Flooring, having won contracts for several large projects nationwide. Factoring plays an important part in its business model by delivering a strong and smooth cashflow and underpinning its commitment to total quality.

The factoring facility provided by the company’s incumbent provider was proving restrictive. So the time had come to find a provider who really understood how the business worked and that could deliver a superior solution.

Solutions

IGF took the time to really understand Branagan Flooring’s operational environment. This insight delivered a solution that unlocked a bigger facility that would support the much needed financial headroom.

Reflections

Kate Branagan, Company Director at Branagan Flooring Services Ltd, said:
“Our previous financier couldn’t provide us with the funds we needed to support our growth, so we looked elsewhere for support. We found IGF to be an approachable and understanding lender that was willing to take the time to understand our particular needs. The service provided by IGF was both personable and quick, and we now have the funds we need to grow sustainably.”

Aman Gill, Regional Sales Director at Independent Growth Finance, adds:
“By nature, the flooring industry is quite contractual and these payment habits can create a shortfall in actual funds available and act as a barrier to growth for firms in this sector. We understand the challenges these businesses face, and are delighted to provide Branagan Flooring with the helping hand it needed to realise its ambitions and facilitate a number of exciting new projects.”

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