The retailer had a successful business with a turnover of £3m. It had arranged a £500k invoice discounting facility through its current lender.

The team at CAS reviewed the business and its finance requirements and approached three lenders, which it believed may be able to provide better terms for the facility.

We then introduced the two most attractive lenders to the director of the company and, following a meeting with them both, one was chosen to provide the new facility.

The net saving to the company through the new facility was £15k per year.

The director of the retailer was delighted.

“I was recommended to approach CAS from a friend of mine who had benefitted from their expertise,” he said.

“I had no idea that the rates from lenders could vary so much, so I was just going along with my current factoring company.

“I was impressed with CAS’ experience of the market and how they quickly set up meetings with other factoring companies. Naturally I was shocked when I found out how much I could save with a switch to another lender.

“The changeover was simple and straightforward. I only wish I had I done it sooner as it has had quite an impact on the bottom line.”