The joinery that stopped paying for timber twice as fast as it got paid.
A manufacturer buys materials months before the invoice for the finished piece is paid. Invoice discounting closed the gap while the workshop kept its own credit control, and its name on every letter.
- Facility£150,000
- Advance rate85%
- CommitmentNo minimums
The squeeze
Every fitted-interior contract started with a timber order paid within 14 days. The finished work was invoiced to shopfitters and main contractors on 45 to 60 day terms. In between sat wages for five joiners and the next contract’s materials.
The order book was the fullest it had ever been, and that was exactly the problem: more orders meant more timber bought upfront against money that would arrive next quarter.
The facility
The workshop wanted funding, not a collections department: relationships with the shopfitters were personal and long-standing. We arranged invoice discounting, so the joinery keeps collecting under its own name while drawing 85% of each invoice when it is raised.
The facility carries no minimum-usage charge, which mattered: in quiet months they draw little and pay little. That is exactly the kind of term we screen facilities for before introducing anyone.
Where it stands
Materials for new contracts are now bought from advanced invoices rather than savings. The workshop has since taken on its largest single contract to date, with the timber order placed the week the contract was signed.
What changed.
Materials funded from invoices raised, not from savings
Own credit control kept, customers see nothing change
No minimum-usage fees in quiet months
Details anonymised and figures rounded to typical UK market ranges. Every facility depends on the funding partner's review of the specific business.
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