Ming Foods has partnered with Optimum Finance to receive a scalable cashflow funding tool, better suited to fuel growth and provide greater flexibility in its purchasing decisions. This has resulted in a tailored Invoice Finance facility.
Recruitment is a challenging industry. Meeting payroll obligations on a weekly basis for temporary staff and having to wait two months to be paid by the client leaves a large hole in the cashflow that needs to be plugged. Right Staff Recruitment found the answer in Invoice Finance. And now the business is on a fast trajectory for growth.
The brewing industry can be a challenge at the best of times. Throw in a global pandemic, and the strain on business and cashflow increases significantly, demanding different ways of thinking. For Todd Matteson, co-founder and Director of the Mondo Brewing Company, it meant looking beyond ‘traditional’ lending or an overdraft to a cashflow funding tool that better suited his needs.
When a husband and wife team were looking to expand Kielder, their specialist automotive power tools business, they fully understood the critical importance of cashflow. Paying suppliers and staff while waiting to be paid themselves by some of the major resellers was the challenge; the solution was a tailored Invoice Finance facility from Optimum Finance.
After a year that saw soaring inflation, rising interest rates and substantially increased energy bills conflate into a cost-of-living crisis, the impact has affected businesses and households alike. We’re certainly playing our role, but we need support from the Government. To that end, to what extent does the Spring Budget help the small business community?
Over the past few months, rising costs of energy have been a source of concern for households and businesses alike. On the 21st of September, our newly appointed Prime Minister, Liz Truss, announced her plan for tackling the energy crisis - but what does this mean for your business?
Invoice finance has become a safe way for businesses to grow and support their cash flow. It's a sign that you’re taking steps to secure the future of your business and being smart about your financial choices. Here are five reasons why invoice finance means your business is doing well.
Philip, who was also the former Chief Executive of the Chartered Institute of Credit Management, aims to champion not only the benefits of invoice finance as a cashflow funding tool, but also the advantages of early settlement in building stronger supply chain relationships.
We’ve seen it all and it’s made us experts at recognising the warning signs that indicate you might be about to encounter issues. It is vital that you have effective credit management to ensure your hard work turns into cash in your bank account and not just a profit figure on a set of accounts!
Leading UK invoice finance firm Optimum Finance is hosting a free online webinar for SME owners and managers whose businesses have been adversely affected, financially or otherwise, by the coronavirus pandemic and would like to know how to best to support their financial health.
Leading UK invoice finance firm Optimum Finance has announced a new funding line increase to £16 million as it strives to provide small and medium businesses with access to immediate funds to enable a long-term healthy cash flow position.
Open Banking is a financial technology (fintech) term. It refers to the process where open APIs (application programme interface) can be used by third parties to build digital applications which can perform a range of tasks and functions to facilitate the sharing of financial data.
The team at Optimum Finance is comprised of knowledgeable and professional invoice finance experts with a wealth of experience between them and the entrepreneurial skillsets to support our customers in securing the right cash flow and working capital solutions to drive growth.
It’s a common story. A new business is launched, proves a big hit, grows quickly and appears to be a huge success. It takes on more staff, moves into a bigger premises, attracts bigger contracts, then suddenly, out of the blue, it collapses.
Specialist lender [Optimum Finance](https://optimumfinance.co.uk/) has announced a collaboration with [Tectona Partnership](http://tectonapartnership.com/) to broaden its business support offering and complement its range of services.
The Weston-super-Mare based company, UK Book Binders, has been print finishing for over 40 years, and have a combined experience of over 250 years in the trade. We have been working with them to support their extended growth.
Fast growth firm Optimum Finance is leading the UK invoice finance market by incorporating cutting edge technological solutions into its client approvals, onboarding process and financial reporting systems.
A business news site recently featured the Optimum Finance app for SMEs ([original article](http://www.bristol-business.net/app-with-a-snap-decision-on-funding-for-smes-developed-by-optimum-finance/)) > Bristol-based invoice finance firm Optimum Finance has launched its industry’s first app aimed at accountants to empower them to gain almost immediate funding approval for their small business clients.
The UK drinks market has been experiencing a boom in recent years, the gin category alone reached record highs in the summer of 2019 with sales, both home and abroad, peaking at £2.2 billion, according to the Wine and Spirit Trade Association (WSTA).
Specialist in SME finance Optimum Finance has published its first quarter results for 2019 to show growth of 15% in Q1 over Q4 in 2018, and 166% growth compared to Q1 in 2018, as small and medium-sized enterprises continue the upwards trend of using invoice finance and factoring services to manage cash flow.
Darcy Associates is a speclialist recruitment agency for construction workers. The company had worked with other finance companies, however, no one could keep up with their growth. When we started with working with Darcy Associates we immediately supported the businesses growths and values which helps them keep to their USP of paying workers before paying themselves.
We have been working with 3Ks Engineering Company Ltd for six months now and in this short time we have helped to improve their cash flow so they can focus on continuing to provide a fantastic quality service to their customers
More than half of new UK businesses don’t survive beyond their first five years and while SME owners will readily blame the tax system, lack of bank lending or late payments, often the failure is down to something much more basic – bad financial management
We have now been working in partnership with finance brokers [TML Finance and Advisory](https://www.tml.uk.net/) for over a year and we’re proud to say that between us we have established a significant roster of clients across a wide range of industries.
The UK drinks market has boomed in recent years. The gin category alone achieved record sales of £2.2 billion in the summer of 2018 according to the Wine and Spirit Trade Association (WSTA), while the whisky market has seen an increase in sales of premium blends of 3.1 per cent.
In this blog post we highlight a sophisticated scam, which targets trade suppliers of goods, often early stage companies building a client book. Small companies are being advised to be vigilant by increasingly sophisticated frauds such as the one explained below.