TP24 facilitates £500,000 revolving credit line for logistic company

Location: Midlands

Industry: Refurbishment and logistics

Revolving Credit Facility: £500,000

Our client

Our client is the UK leading refurbisher and distributor of vending machines. They supply some of the largest hotel chains across the UK.

The challenge

Their challenge was purchasing redundant vending machines and specialist parts can be incredibly expensive, requiring upfront payment. Our client had an opportunity to get ahead of the competition and needed a working capital solution to ensure they could secure their position.

The solution

We have provided a £500,000 revolving credit facility that will allow the business to leverage their growing debtors ledger and secure additional machines/parts to win tendered contracts with larger suppliers.