Cowgill Holloway facilitates £700,000 invoice finance facility for Manchester based company, Winsulate.
Leading independent accountants and business advisors, Cowgill Holloway LLP, have facilitated a deal to secure a £700,000 invoice finance facility for Manchester based asbestos and environmental compliance services provider, Winsulate.
The funding is provided by Secure Trust Bank Commercial Finance and was sourced through Cowgill Holloway’s Financial Director advisory service, myFDadvisor.
Established in the 1970’s and employing 50 members of staff with offices in Manchester, Edinburgh and Reading. Winsulate’s main activity is asbestos removal, operating across a variety of sectors including retail, emergency services, construction and healthcare.
The funding from Secure Trust Bank Commercial Finance will allow Winsulate to enhance its cash flow, achieve client wins and enable the company to maximise growth.
Brent Wardle, managing director at Winsulate, said: “Recent months have seen rapid growth as we have increased our client base to cover many of the largest names in the UK. From our three bases across the country, we are now in a position to provide services on a national scale.
“To ensure this growth is sustainable, we required a creative and flexible finance offering. Secure Trust Bank seemed the obvious choice for us, and we’re confident that with their backing, Winsulate can continue its upward trajectory this year.”
David Holland, Head of myFDadvisor and Partner at Cowgill Holloway, added: “I have worked with Winsulate for over three years, and have a strong understanding of the demands of the sector that the business operates within.
“With this in mind, it was crucial that we found a finance provider that could support the firm as it continues its ambitious growth strategy over the coming years.
“Secure Trust Bank took the time to understand the needs and requirements of the business, and has put in place a facility that will enable the firm to reach its potential.”
The information was correct at time of publishing but may now be out of date.