(PRWEB UK) 13 July 2012
As businesses continue to struggle in the face of the economic slowdown, one company has been able to buck this trend – thanks to a partnership with Lloyds TSB Commercial Finance, whose experience in invoice discounting has proved integral to their continued success.
Berkshire-based speciality food producer and supplier Atkins and Potts has bucked the economic trend, recording a 40% increase in turnover over two years. The Invoice Discounting and wider support offered by Lloyds TSB Commercial Finance has been instrumental to that growth.
Mike Jewett, Client Manager at Lloyds TSB Commercial Finance, explains: “Atkins & Potts is a young business. When the downturn hit, it was their first taste of recession and the support through the facility was vital.”
“Lloyds TSB Commercial Finance gave us the breathing space to review the business and focus,” says Nicola Young, co-owner of Atkins & Potts. “They talked through our plans and we benefited from an independent set of eyes.”
Our Commercial Finance Team put in place a full Invoice Discounting solution that took account of Atkins & Potts’ existing debtor book and allowed for future increases as the business continued to grow.
Planning for Growth
“We’ve seen our turnover grow 40% in two years. Without the Invoice Discounting facility that growth wouldn’t have happened”, agrees Nicola. “We can also plan ahead, knowing that funding is in place. Our next challenge is the supermarkets and multiples. You have to move quickly and working with Lloyds TSB Commercial Finance has given us the confidence to do that.”
Lloyds TSB Commercial Finance offers a range of smart cashflow solutions for businesses of all sizes and is a trusted provider of factoring, invoice discounting and asset finance to companies all over the world. This is backed by over 40 years' of experience in the field and the resources of the Lloyds Banking Group behind us.