This client was a young company that specialises in designing and sourcing various fashion accessories and jewellery.
‘I was very cautious on using a factoring invoice company, however GapCap have certainly changed my mind, they explained everything in great detail, and excellent throughout. They impressed me through the whole setup and completely had my company’s interest at the forefront of their minds. Their services have ensured that my business can expand with the help of maintaining my cash flow, and for that I am very grateful. You also get a great aftercare service too. I would definitely recommend using GapCap.’
ND, CEO of our client
The newly established nature of this business meant that a traditional funding option was met with a closed door as this year they had reached a turnover of just over £50,000. The business had been ticking along nicely until it won a contract to the UK’s largest independent online and fashion beauty retailer. With such a leap, the client was concerned over the implications on their cash flow, especially with the long payment terms of the end debtor, and thus they called on GapCap for support.
GapCap were able to offer a facility which allowed our client to release 80% of their invoice value upfront. Whilst the health of the client always holds importance, the reputation of this debtor alongside the credit insurance gained, allowed for relative confidence in this transaction. The deal was funded within 48 hours of the invoice being raised.
GapCap’s support allowed the client to go back to their suppliers and work on the next order. The business has made a big step in its growth and we continue to facilitate future orders. The client is now pitching to potential new customers with the comfort of having GapCap to support any transaction and keep the cash flow healthy.