Liquidity Club helps Cube shape a record six months of trading with finance deal
Liquidity Club, the financial intermediary established to help SMEs raise funding in the ever-changing and increasingly complex finance world, has brokered a deal which has seen a manufacturing firm post a record six months trading figures.
Cube Precision Engineering landed a six-figure funding deal that has enabled investment into its multi axis work that has increased turnover and led to a record order book.
Paul Varley, director at Liquidity Club, said: “I’ve known Cube Precision Engineering since its inception over ten years ago when I helped raise the finance the management team required to start their first phase of growth
“With all the wider economic uncertainty some businesses are being put off their plans to invest, but Liquidity Club has seen no shortage of enquiries for businesses requesting finance.”
Neil Clifton, managing director at Cube Precision Engineering added: “With so much uncertainty at the moment and the threat of a ‘no deal’ Brexit we have been determined here at Cube to operate a ‘Business as usual’ policy.
It has been great to work with Paul Varley and through the investment brokered by Liquidity Club, which has brought an increase in profits, we have reinvested back into the business through new machines, our team, and we have focused on diversifying into new industry sectors to drive our new business development forward.
September will be our 10th anniversary in business and this year has also been our best so far in terms of financial results. We have an ambitious plan for 2020 and the investment that we have made into both our people and machinery means that we are in a great place to push the business forward”
Paul added: “Working with growing companies like Cube is all about going back to basics. The company wanted to invest, diversify and develop its employees.
“While it’s important to keep an eye on the wider economic uncertainty this shouldn’t cloud a good idea or plan – Cube are proof of this.”