Optimising Asset Acquisition and Invoice Finance: Financial Advancement for a Haulage Company in West Lothian

The Brief

In response to a referral from their trusted accountant and supplier, we collaborated with a prominent haulage company based in West Lothian. The client had been renting a lorry at a significant monthly cost. Seeking to reduce this expenditure, they approached us with the goal of acquiring their first asset, a reliable vehicle, to not only lower their monthly expenses but also to improve their credit rating.

The  Outcome

Through meticulous negotiations and close collaboration with the client, we successfully achieved a favourable outcome. We secured a significant reduction in the client’s monthly payment, enabling them to make substantial savings while upgrading their fleet with a reliable vehicle. A repayment term of 36 months, accompanied by a VAT deferral arrangement, was agreed upon to provide the client with improved cash flow management.

Our dedicated team expedited the entire funding process, ensuring a prompt and seamless experience for the client. The proposed funding was presented to the client on May 3^rd, and within a short timeframe, the funds were disbursed by May 9^th. This week-long turnaround time between proposal and payout showcased our commitment to delivering efficient financial solutions.

During the collaboration, we identified an opportunity to optimise the clients invoice finance provider. By leveraging our strategic insights and market knowledge, we guided the client in transitioning to a more suitable invoice finance arrangement. This crucial enhancement enabled the client to expand their contract capacity, seize larger opportunities and bolster their market presence.

Client Testimonial

We at Florelle would like to compliment you for your professional efficiency, high standard of service and hospitality during our meeting last week. Continuing the praise when I arrived at Eastfield the truck was in immaculate order and a smooth handover was provided professionally.

The whole process overall was at such a high standard I am very impressed, I look forward to further business with you.