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Funding Solutions / Case Studies

IGF – ‘No banking bureaucracy’

Sumo Services Ltd
Sumo Services Limited

Invoice Discounting

£750,000 facility

Ambitions

With teams strategically located throughout the country, covering a wide range of detection, Sumo Services Limited (Sumo) is a highly renowned multi-disciplinary survey business. Committed to maintaining the highest possible standards in all aspects of surveying, Sumo are, in particular, the undisputed leaders in archaeological and utility surveying in the UK. Sumo undertook the surveying of the Leicester car park that uncovered the remains of Richard III and have been instrumental in the search for Henry I at Reading Abbey.

Sumo has undertaken three strategic acquisitions in recent times, with an appetite to undertake more to further strengthen its lead position.

Solutions

Sumo is a long-standing IGF client who has enjoyed the flexibility, convenience and cash generative features of an IGF invoice discounting facility.

The facility has grown with them over the last 11 years and has played a key role in its recent acquisitions, as well as ensuring that the business can manage larger and larger contracts over time without cash interruption across the group.

“IGF has none of the banking bureaucracy that I have experienced elsewhere.”

Reflections

Colin Carnachan, Managing Director, Sumo Services Limited, said;
“IGF has none of the banking bureaucracy that I have experienced elsewhere. The team genuinely wants to help us in achieving our objectives. Decisions are swift and they are always available. That is why I have always been happy to recommend them to colleagues over the years.”

Kris Circus, Client Manager, IGF Group, said;
“Supporting growing, acquisitive and energetic businesses, such as Sumo, is what IGF is all about. We spend the time to look after their individual needs. Furthermore, with an expanding product range, including asset based lending, we can achieve even more together in the years to come.”

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