DEBTOR FINANCE
Cooling Brothers Glass Company
Industry
Manufacturing
Product
In 2001, Cooling Brothers Glass Company was operating with a bank overdraft facility, but within 3 years it had entered a growth curve, that was putting pressure on cashflow. The owner, Paul King, found himself having to re-negotiate with the bank on a regular basis.
Growing Pains
“When you’re growing that quickly you are taking on more debtors, holding more stock, paying more wages; we were struggling to keep up.” Debtor finance enabled Paul’s company to grow by more than 300%.”
Long Term Plans
“We have been with Scottish Pacific for over twelve years now and have been happy with the service over that time. We’re even referring some of our customers to Scottish Pacific. We want our debtors to be able to pay, after all.”
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