A death in the family

Our client operated a facilities management business that was essentially a workers co-operative sharing the workload and profits.

For convenience he was the sole director and shareholder and more importantly the only signatory at the bank.

We operated the factoring facility making regular weekly payments to the company to settle wages and suppliers.

The sole director died while on holiday and this left his colleagues in a real dilemma with no funds as the bank account could not be accessed.

Within 2 days of this death in service Ashley Commercial Finance had a new facility and cash flow in place ensuring the future of the business and securing the staff’s jobs.

While this is an unusual and somewhat unique set of circumstances it demonstrates Ashley’s ability to act quickly and provide a real solution in very difficult conditions.

Ashley Commercial Finance is an independent invoice finance company, with no ties to banks or other financial institutions. We provide a truly personal service to businesses with annual sales of up to £3m. We have over 200 clients, ranging from printers to road haulage companies, recruitment agencies to taxi firms, recycling companies to IT organisations.

Our independence and lack of bureaucracy means that funding can be in place for new clients within 24 hours of receiving sales invoices.

Also, unlike many other invoice finance companies we allow clients to choose which accounts we deal with, thus avoiding paying unnecessary fees.

To get a free no obligation quote for factoring and invoice finance services click here