Logistic Designs Ltd, a Nottingham-based specialist in architectural fabrication and laser cutting, has secured a financial solution to address cash flow issues as it continues to expand its operations.
The company, which produces a wide range of steel and metal products, was facing challenges due to a mismatch between supplier payment terms and customer payment cycles.
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The business serves two key markets: subcontract laser work for sectors such as engineering, rail, and shopfitting, alongside a growing focus on audio-visual enclosures for retailers and transport hubs.
Despite its strong reputation and a workforce of 10 employees, Logistic Designs faced difficulty maintaining a steady cash flow, with suppliers demanding quick payments and customers taking 30 to 60 days to settle invoices.
As a relatively new start-up, the company had limited credit terms with suppliers, leading to a cash flow gap that hindered its ability to pay for materials, wages, and other operational costs. Recognising the issue, Logistic Designs turned to Evolve Business Finance for a solution.
Stef Radymski, director at Evolve Business Finance, identified invoice discounting as the appropriate solution. This facility allows businesses to access up to 90% of their invoice value immediately, providing the necessary working capital to continue operations without delay.
Evolve connected Logistic Designs with Time Finance, which provided a confidential invoice discounting facility. This partnership ensured the company could keep operations running smoothly while alleviating the financial strain caused by delayed customer payments.
Kim Wallis, finance manager at Logistic Designs, praised the efficiency of the solution. “Evolve did exactly what we needed,” she said. “Stef is very professional and is clearly well-versed in challenges like ours. The funding has taken a huge weight off our shoulders and means we can keep pushing forward.”
Stef Radymski commented, “Logistic Designs is an interesting business with a strong future. Its ability to manufacture everything from high-end yacht fittings to steel enclosures for ticket kiosks sets it apart. With invoice discounting in place, it now has the financial flexibility to keep growing.”
Simon Holian, business development manager at Time Finance, added, “We were pleased to support this family-owned business with its growth plans. Having the right working capital partner was important, and Evolve Business Finance quickly identified the needs of the business, allowing us to deliver a solution without delay.”
