As a budding new company, having only started trading in 2010, the Happy Buffet Co was successful in securing increased orders which whilst a fantastic opportunity, placed a strain on the cash flow. Therefore, in order to keep up with the high demand, Managing Director, Jon Ashworth went on the search for assistance.
"We were owed thousands of pounds by our clients and because of this were unable to grow our catering business to its full potential and get to where we wanted to be," Jon said.
Our expert team at Hilton-Baird Financial Solutions considered the most suitable options available in the market to fit this thriving and growing business, to enable The Happy Buffet Co to make the most of the rapid growth they were experiencing.
As time was of the essence we introduced two funders, who were best matched in terms of fit and suitability to The Happy Buffet Company's needs and after consideration, Jon opted for a recourse factoring facility with a lender who he felt most comfortable with, given he was immediately impressed with their speed of response. Subsequent to the facility being in place for just a short period, The Happy Buffet Co is flourishing with the extra cash available to them.
Jon said: "By introducing us to our new funder, Hilton-Baird have solved our cash flow issue, providing us with a highly responsive and helpful service and allowing us to almost quadruple our annual turnover already, in just under five months."
"Business is now fantastic and we no longer worry about our cash flow. This has freed us to enter new areas of private and corporate catering, including catering for weddings and large public events with our new BBQ menu. Overall we have experienced a breath of fresh air, which has increased our focus and passion for high quality food and service. Getting in touch with Hilton-Baird has really been the best thing we have done this year.”
To find out more about The Happy Buffet Co, visit: www.thehappybuffet.co.uk.