CCTV Direct is a UK-based distributor and supplier of video surveillance and security systems. They specialise in providing CCTV and security equipment, offering a range of products including IP and analogue cameras, recorders, and wireless alarms.
“We are a small, limited company. We are in the retail sector, and we supply CCTV and security equipment to other businesses.” – Lisa Sanderson, Finance Manager, CCTV Direct
CCTV Direct was experiencing strong growth and increased demand, but 60-day customer payment terms meant cash was tied up for weeks at a time. With key suppliers needing to be paid much sooner, the business faced growing pressure on cash flow-making it harder to maintain momentum during a crucial period of expansion.
“It’s the usual day-to-day cash flow, but with this order in particular, we had to pay for the goods up front. This customer is also on 60 days terms, so the cash flow around this order was limited.” – Lisa Sanderson
Recognising the need for a solution, CCTV Direct’s financial advisor, Calvin Dexter of Calvin Dexter Financial Solutions Ltd, referred them to Accelerated Payments.
“I had a client who just fulfilled a very large order and was in need of working capital. I suggested, let’s look at selective invoice finance as a solution. The timing of Richard Oakley reaching out to me was perfect.” – Calvin Dexter
Accelerated Payments worked with Calvin and CCTV Direct to provide a £300k Selective Invoice Finance facility, enabling CCTV Direct to unlock cash tied up in invoices. Within two weeks of the initial enquiry, funds were deployed, giving the client immediate liquidity to pay suppliers and keep operations running smoothly.
“The process was very straightforward, and the support has been great. In particular, Richard Oakley has been really supportive.” – Lisa Sanderson
Calvin, who brings over 40 years’ experience in the commercial finance space, noted he chose Accelerated Payments as a fit for CCTV due to our flexibility, competitive pricing, and efficient onboarding.
“I liked the flexibility and cost of the product, which perfectly suited my client’s requirements. Richard and the AP team worked quickly and diligently to get the deal over the line.” – Calvin Dexter
The funding solution didn’t just solve a cash flow problem, it gave CCTV Direct the confidence and freedom to focus on their business. With immediate access to working capital, they could pay suppliers on time, keep operations running smoothly, and meet important obligations like VAT, all without the stress of waiting for customer payments.
“We’ve been able to raise the funds a lot easier to pay suppliers for the goods that were ordered to fulfil this large order. Also, our VAT quarter was due, and we now have the cash flow to be able to pay that VAT quarter which included this large invoice.” – Lisa Sanderson
The process itself stood out for its simplicity and support. Lisa described the experience as “straightforward, quick and easy,” highlighting how Accelerated Payments and Richard Oakley were always available to help, making what could have been a stressful situation feel manageable and positive.
“Any emails or phone calls were always answered straight away and were very helpful.” – Lisa Sanderson
Referral partner Calvin Dexter also appreciated the flexibility and commerciality shown by our team, especially when handling the client verification process and working with CCTV Direct.
Looking Ahead
The successful funding of CCTV Direct’s large order not only resolved an immediate cash flow challenge but also set the foundation for future growth and opportunity. CCTV Direct is now well-positioned to take on new business, strengthen supplier relationships, and explore further financing options as their needs evolve.
The collaboration between CCTV Direct, Calvin Dexter Financial Solutions, and Accelerated Payments stands as a strong example of how partnership and tailored solutions can empower businesses to thrive.
Accelerated Payments is a global Invoice Finance provider that providers flexible working capital solutions to SME’s, Exporters and Mid to Large Corporates. With offices in Dublin and London, 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 €2.5 billion in invoices for more than 600 clients across 40 countries and 2,500 debtors to date.
At Accelerated Payments, we are always on the lookout to grow our Referral Partner network. If you are a Bank, Debt Advisor, Broker, Accountant interested in partnering with us, our team is keen to hear from you – get in touch today.