PLATINUM FUNDING UK LIMITED FINANCES A GROWING SAFE INSTALLATION COMPANY
03 December, 2008 – Platinum Funding UK Limited, a premier factoring company, announces the funding of SIS Installations, Ltd (“SIS”), a safe installation and removal company based in Cresswell, Stoke On Trent. Platinum Funding UK Limited is an affiliate of the US-based Platinum Funding Group, which provides accounts receivable financing services.
SIS specialises in safe installations and removals for banks and cash bureaus. Current market environment of bank reorganisations and consolidation has created a great opportunity for the expansion of SIS’ business, as many facilities have to be refurbished to accommodate the demands of the new merged entities. Limited competition in this niche sector in the UK allowed SIS to take a significant share of the market.
SIS had a previous long-term financing relationship with a local bank, but found Platinum’s services to be more suitable to the demands of its business model and current credit environment. Platinum’s vigilant credit control and verification process helped SIS optimise its internal credit control while placing limited restrictions on its operations.
“With Platinum’s timely financing we are able to buck the current recession trend that is affecting businesses all across the UK,” said Richard Bland, Managing Director of SIS. “Platinum’s team understands not just our business, but also the business and demands of our customers. Thanks to this financing arrangement, we can grow and maximally capitalise on the opportunities presented by today’s economic and financial environment.”
“Platinum Funding has seen tremendous success of its operations in the UK since the opening of our office there in January 2008,” commented Eyal Levy, Chairman and CEO of Platinum Funding Group. “We believe with our unique service offering, we are filling a critical financing niche at the time when almost all businesses are struggling for cash.”
About Platinum Funding UK Limited
Platinum Funding UK Limited, a leading factoring company, provides clients with accounts receivable funding, bridge funding, and accounts receivable management. Established in 2008, the company has been assisting companies with annual sales revenue between £1 million and £75 million. Platinum possesses the financial resources to serve the needs of clients across more than 30 industries, issuing same day advances on accounts receivable to newstart companies, fast growing companies, and companies in or just emerging for Administration. Through its US affiliate, Platinum Funding UK Limited has expanded services to include purchases of international receivables.
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To find out how Platinum Funding UK Limited can help you grow your business, call 01256 799780,
visit our web presence at http://www.platinumfundinggroup.co.uk/
or send us an e-mail at http://www.platinumfundinggroup.co.uk/apply_now.php.
