31 March 2015
Why It’s Time to Shorten the Cash Flow Cycle
Whilst many contractors are benefiting from improved trading conditions, the collapse of several high profile companies within the construction industry in recent weeks has reinforced how important it is for businesses of all sizes to have adequate cash flow in place.
Ultimate Construction Finance specialises in providing bespoke and fully confidential finance facilities that help smooth out the peaks and troughs of the cash flow cycle. Its solutions bridge the funding gap between raising uncertified applications for payment and receiving payment from clients.
An improved working capital position is extremely useful in the current market where skilled workers remain in short supply and wages and material costs continue to rise. Having access to finance will not only help a business to weather the storm if and when it comes but could also help it to grow in spite of the challenges of the current market. The facilities offered by Ultimate Construction Finance can provide up to £3 million and support the working capital and growth aspirations of many contractors, as well as enabling them to save money by paying their suppliers promptly, therefore benefitting from payment rebates.
Tim Wilkinson, Sales Director at Ultimate Construction Finance, said:
“Unsurprisingly we’ve seen an increase in demand for our cash flow solutions, with specific enquiries jumping 25% in the last month alone. Whilst we can work fast to help companies in the face of the many challenges of day-to-day business life, it’s much better to explore the options before an emergency looms.”
To find out more about the specialist cash flow solutions offered by Ultimate Construction Finance, call 0800 121 7757 or visit the Ultimate Construction Finance website.