10th November 2022

Continuity and Resilience finalists at the British Credit Awards

We're excited to announce that we've been successful in reaching the finals of the prestigious British Credit Awards in the Continuity and Resilience category.

The awards, hosted by the Chartered Institute of Credit Management and judged by prominent leaders within the industry, celebrate the best of business credit and finance in categories including Risk Management, Credit and Collections, and Social Mobility.

Optimum impressed judges in the Continuity and Resilience category thanks to our continued and increased support of small and medium businesses throughout the COVID-19 pandemic and beyond.

Business funding in a difficult economy

Invoice finance has always been a funding solution that continues to support businesses throughout dips in the economy when more risk averse lenders may start to withdraw funding. As funding is secured against work already completed, we have the unique ability to advance funds with full confidence no matter the economic climate.

That said, for a business dependent on a flourishing SME sector, the pandemic and related recession was incredibly difficult for both us and our clients. This impacted the team too who are extremely passionate about the success and future of the businesses we work with. To see so many suffer was extremely difficult.

However, thanks to the tenacity and passion of our amazing team throughout this period, Optimum has been able to support more SMEs and with more cash than ever before.

Supporting businesses with the cash they need

Client borrowing is up 101% on December 2020 with our client’s business turnover also increasing by 43% and forecast to close in 2022 at £240m. To add to this, Average DSO across all clients has been as low as 35 days this year.

2022 has been the most successful period in Optimum’s history for both us and our clients. In total, we’ve advanced over half-a-billion pounds to UK SMEs, processing 400,000 invoices for clients across 50 industries.

Speaking about the finalist announcement, CEO Ant Persse said, "The last few years have been extremely challenging for businesses with virtually every one impacted in some way or another, with many needing to display true grit and resilience during these tough times. Optimum is proud to have, and continue to, support SMEs through this period, delivering much needed cash that allows them to survive and even thrive. In fact, this year we’ve extended more cash to businesses than ever before.

"Being able to support small and medium businesses is reward in itself but to be recognised by the Chartered institute of Credit Management and the British Credit Awards is fantastic." Winners for all categories will be announced at the award ceremony in central London on the 2nd of February.

At Optimum Finance, we utilise innovative technology to offer a range of flexible funding solutions, which grow alongside your business. Get an instant estimate for the amount of funding you could access with our finance calculator. Products include invoice discounting and factoring that can boost your cashflow and give you access to a dedicated credit control team.

Email or call us to speak to our experienced team of experts and find out how invoice finance could help your business. We pride ourselves on getting things done quickly and providing access to cash within 24 hours of approval. We are passionate about finding solutions and delivering to clients’ needs.