eCapital UK expands Reading headquarters after passing £3bn funding milestone
eCapital UK, a leading provider of invoice finance and asset-based funding solutions to UK SMEs, has surpassed £3bn in the value of invoices funded on a 12-month rolling basis for the first time, marking a significant achievement in the business’ growth.
It coincides with the firm’s relocation of its Head Office and its Southern regional headquarters in Reading to new, larger premises, strengthening its presence across the South of England.
eCapital is seeing increasing demand from UK Businesses seeking flexible finance solutions to support expansion, strengthen cashflow and navigate an evolving and increasingly challenging economic landscape.
Over the last three years, the specialist finance provider has increased the number of clients it supports by more than 32% to over 1,500 nationwide, while offering larger and more sophisticated funding solutions. Now with facilities available of up to £10m, eCapital can support more SMEs and mid-market enterprises with the finance they need.
eCapital have increased their focus on supporting UK businesses, and their invoice finance and asset-based lending solutions continues to play a vital role in helping firms unlock working capital and achieve their ambitions.
Mark Finn, chief revenue officer of eCapital UK, explained the move: “Reading is one of the UK’s leading commercial centres and continues to play an important role in our long-term growth strategy. This move represents a significant investment in our Southern and HQ operation and underlines our commitment to supporting businesses, introducers and advisers across the region. The new office provides a modern, collaborative environment for our team and creates a strong platform from which to continue delivering exceptional client service and sustainable growth.”
“Reaching more than £3bn of invoices factored is a significant achievement for eCapital and reflects the strength of the relationships we have built with businesses and introducers across the UK. It also demonstrates the continued demand for flexible working capital solutions as businesses look to invest, expand and build resilience.”
The company attributes its continued success to its commercial approach, enhanced funding capability and commitment to delivering exceptional service. eCapital supports businesses across a wide range of sectors and stages of growth. By providing flexible and competitive invoice finance and asset based lending solutions, eCapital helps businesses unlock cash tied up in outstanding invoices and access the working capital they need to invest, expand and seize new opportunities.
Mike Harrison, regional managing director (South), added: “This move is an exciting achievement for our Reading team and underlines the strength of our presence across the South. We have built strong relationships in the region by focusing on what matters most to our clients and introducers – delivering responsive support, commercial expertise and funding solutions that help businesses achieve their ambitions.
Reading has always been an important location for us, and our new office provides a fantastic environment for our team while creating the capacity to support our future plans. We are proud of the relationships we have built across the Southern business community and look forward to continuing to help SMEs access the finance they need to thrive.”