Industry: Security services
Product: IDeal™ invoice discounting
Facility size: €200,000
The Dublin-based firm is a leading provider of cash management services and security solutions. Operating since 2008, the business has been growing year on year, however their existing €50,000 overdraft alone was no longer sufficient to enable growth to the level required.
An existing Close Brothers customer had referred the company director to us and an invoice discounting package was put in place. Using our IDeal™ technology, the company can now access 70% of the value of their outstanding customer invoices, freeing up valuable cash to invest back into the business.
