Reach Commercial Finance has struck a crucial deal for Yorkshire construction company JAC Consultancy, putting in place a £100,000 Invoice Finance line plus insurance from Allianz to protect against future bad debt.
JAC Consultancy Ltd – based in Leeds – specialises in construction services across the UK.
Despite a healthy number of deals in the order book for 2022 and beyond, the company had accumulated significant debt and invoice finance problems, consequently putting pressure on trade creditors.
Following a referral, JAC sought expertise from Reach Commercial Finance and specialist Phil Trueman who stepped in to work with the company directors to create a plan.
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Phil conducted an in-depth review of JAC’s position and restructuring options for the business, drawing on the expertise of colleague Anthony Milne at Reach’s parent company Leonard Curtis.
Within 10 weeks Reach and Leonard Curtis had secured JAC £100,000 worth of invoice finance and trade credit Insurance with Allianz to offer enhanced protection against future bad debt.
Phil Trueman said: “This was a real collaboration between Leonard Curtis and Reach to get the client back on track. JAC has a young management team and they drew heavily on our experience to get through the process and deliver the right solution.”
Reach Commercial Finance is an independent financial brokerage of Leonard Curtis Business Solutions Group. It has a wide range of experience in helping limited companies and corporate entities secure funding.
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