Business Manchester reported that one of the UK’s largest independent distributors and processors of stainless steel, Stainless Steel Services Limited, has secured an invoice discounting facility from Cynergy Business Finance to help manage a flexible cashflow. Part of Cynergy Bank, CBF provides finance solutions between GBP 200,000 and GBP 20 million to businesses across the country against business assets such as receivables, plant and machinery, inventory, and property. It also offers cash flow loans and provides complementary export funding. The fully comprehensive processing facility allows SSS to offer a one stop shop for its customer’s stainless steel requirements.After experiencing an exceptional rise in business sales, as well as the increasing cost of raw materials, SSS sought external financial support. CBF were able to offer SSS a bespoke invoice discounting package, including a facility that was double the size of which it had previously received. This enabled SSS to ensure adequate growth opportunities were available despite challenging economic conditions.Founded in 1987, SSS is a Stainless Steel Service Centre based on the border between Birmingham and West Bromwich. SSS is part of the Irestal Group, which is based in Barcelona with 21 divisions across five countries.
Business Manchester reported that one of the UK’s largest independent distributors and processors of stainless steel, Stainless Steel Services Limited, has secured an invoice discounting facility from Cynergy Business Finance to help manage a flexible cashflow. Part of Cynergy Bank, CBF provides finance solutions between GBP 200,000 and GBP 20 million to businesses across the country against business assets such as receivables, plant and machinery, inventory, and property. It also offers cash flow loans and provides complementary export funding. The fully comprehensive processing facility allows SSS to offer a one stop shop for its customer’s stainless steel requirements.After experiencing an exceptional rise in business sales, as well as the increasing cost of raw materials, SSS sought external financial support. CBF were able to offer SSS a bespoke invoice discounting package, including a facility that was double the size of which it had previously received. This enabled SSS to ensure adequate growth opportunities were available despite challenging economic conditions.Founded in 1987, SSS is a Stainless Steel Service Centre based on the border between Birmingham and West Bromwich. SSS is part of the Irestal Group, which is based in Barcelona with 21 divisions across five countries.
