Ultimate Finance formed a relationship with an established transport business, having supported the company with an invoice finance facility since 2017. When the business was acquired to become part of an international transport service solutions group, it turned to Ultimate Finance.
Following the acquisition, the group wanted to bring all UK receivables funding under one roof for simplicity, control and scalability. Although it had an incumbent UK invoice finance provider, a single funding partner capable of supporting both UK entities was key to accelerating growth and managing the migration of contracts over time.
“The group is scaling rapidly, and they needed a funding partner that could match their pace,” Matthew Speed, regional director of Ultimate Finance, said. “Our track record with our existing client, combined with our service-led approach, meant we could deliver a competitive, flexible group solution and give the team the certainty they needed to keep momentum.”
Matthew Richards, relationship manager at Ultimate Finance, added, “Having supported the newly acquired business for close to ten years, we knew the debtor book, the systems and the contract cycle. That insight let us shape eligibility and allowed us to put in place a seamless migration plan as contracts move from one group entity to another.”
Ultimate Finance combined a new £6 million invoice finance facility with the existing £1.5 million invoice finance solution to provide the group with £7.5 million in total. The facility provides flexible working capital against receivables to support ongoing operations and new contracts, a framework to migrate contracts to the new group structure over time, and a dedicated relationship management team.
Speed and Richards engaged early with the group’s financial director to align on growth plans, cashflow requirements and timing of contract migrations.
“This was a competitive process, and ultimately experience of our excellent service standards won the day. We focused on a smooth onboarding, a clear migration pathway, and ongoing support from a team the client already trusts,” Speed said.
With the facility in place, the business can continue its UK growth strategy and support the planned migration of contracts, while investing in technology and sustainable transport as it progresses towards net zero by 2030.
“We’ll continue to stay close to the finance team to optimise the facility as the UK book grows. Our goal is simple: keep cash flowing, remove friction and back our client’s plans every step of the way,” Richards said.
