Lambert, Roper & Horsfield, representing The Corporate Finance Network in mid- Yorkshire, have enabled their client to continue trading successfully, by securing new financial backing on their behalf.
The client, a company involved in wholesale distribution to the masonry industry, approached Nick Frost of Lambert, Roper & Horsfield in September 2009 when Barclays, their previous financiers, had made a strategic decision to withdraw the business's invoice financing facility.
Nick entered into negotiations with a number of potential lenders, but unfortunately the business had suffered a 20% decrease in trade over the last 18 months, meaning that many initially interested parties withdrew from negotiations.
However, with extensive support from Nick, the client was able to secure funding from Skipton Business Finance, with the facility changeover taking place immediately after Easter.
