Go Paycare Ltd secures £2m invoice finance deal from Nucleus
IT recruitment and payroll services provider Go PayCare Ltd, struggled with their bank when trying to secure finance. Chairman Raymond Trew Senior explained that changes in legislation had increased competition in the market, pressuring them to do business differently.
“We needed to stand out from the crowd and wanted to offer more attractive credit terms to our customers. Our first port of call was our bank – they were completely unhelpful, and the more they delayed the more our business suffered.”
Go Pay Care Ltd then approached Nucleus Commercial Finance, and Trew Senior was pleased to learn that confidential invoice discounting facilities were available – and quickly too:
Raymond continued:
“I couldn’t believe it when Nucleus said they could do it in 7 days! Their competitive pricing and level and speed of service beats our bank hands down.”
Nucleus CEO Chirag Shah added:
“We understood that Go PayCare Ltd needed flexible, fast finance to respond to changes in the market in real-time. Every SME has requirements that are unique to their business, so we paid attention to Go PayCare Ltd’s specific objectives, timelines and growth targets – ensuring that they received the funds they needed, when they needed them.”
Trew Senior concluded:
“Thanks to Nucleus we have been able to expand our business and market our new service successfully. We now have the strong competitive edge we needed and are expecting increased growth. And, unlike our previous experience with our bank, the process was simple and headache free. The ease of doing business with Nucleus is second to none.”
