£3,000,000 Selective Invoice Finance Facility to Support Global Automotive Engineering Specialist

This client is a globally expanding automotive business, operational since 1985, with a strong international presence. Specializing in automotive engineering, the company employs more than 2,000 employees across eight jurisdictions, achieving an impressive £200m in turnover.

As a renowned development service provider, this business is at the forefront of new electromobility technologies, leveraging their expertise in automotive electronics, which has become a rapidly growing area.

Overview

Challenges facing this client

  • This client came to Accelerated Payments to refinance their existing overdraft and use our Invoice Finance solution to give them some additional working capital headroom, having secured a large 40 million US Dollar contract with a leading global car manufacturer.
  • The client needed to fund two UK businesses within their group, dealing with domestic and export-focused invoices and multiple currencies.
  • Accelerated Payments was pleased to structure a fully flexible £3,000,000 Selective Invoice Finance facility for this client.
  • This facility is designed to complement the client’s existing funding arrangements without impacting any existing securities while supporting transactions in both GBP and USD, crucial for a business operating on a global scale.

The Solution

The Benefits

  • The client now has increased working capital headroom, facilitating smoother global operations and supporting their expansion plans.
  • The £3m facility ensures the client can effectively manage the newly acquired $40m contract, enhancing their ability to deliver on large-scale international projects without working capital shortfalls impacting progress.
  • The facility is designed to complement the client’s existing funding arrangements with no impact on any existing securities.
  • Our solution supports this client who has invoices in multiple currencies, crucial for a business operating on a global scale.
  • Non-recourse solution with no requirement for personal guarantees or long-term contracts, offering the flexibility needed to adapt to their evolving financial landscape.
  • Our solution supports the client’s extensive international operations, ensuring smooth financial operations across its 8 jurisdictions.

Accelerated Payments is a global Invoice Finance provider that provides flexible working capital solutions to SME’s, Exporters and Mid to Large Corporates. With offices in Dublin, London, Toronto, and Florida, we shift the credit risk from our clients to their debtors, enabling us to fund a broader range of clients. With our unique and scalable Fintech platform, we’ve funded over €1.7 billion in invoices for more than 450 clients across 45 countries and 1,800 debtors to date.

About Accelerated Payments

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English (United States)