Pulse Cashflow completes a £14m financing deal to support future growth
Pulse Cashflow Finance Ltd has received a £14m financing facility from direct lender Hadrian’s Wall Secured Investments Limited.
The facility will support Pulse Cashflow in its goal to provide fast and transparent invoice financing to UK SMEs throughout England, and especially in the South East, with the potential to increase the size of the facility in the future as the firm grows.
Pulse Cashflow is a solution based business which specialises in invoice finance and outsourced credit management. Established in 2010 with a management team that has over 110 years of asset-based financing experience, the firm has demonstrated continuous and strong growth resulting in the need to access higher levels of funding to meet increasing demand from SMEs for finance.
The firm puts its continuing growth down to its responsive approach to meeting the needs of its clients and providing access to transparent and fair funding solutions for businesses from start-ups to businesses requiring facilities of up to £2m.
Toni Dare, founder and managing director of Pulse Cashflow, said:
“We have developed a reputation as a leading independent finance company over the last few years. Our strengths are based solidly on honesty and integrity, and a hands-on partnership with our clients and introducers alike.
“Our clients are good companies but face challenges as they have limited access to capital and this funding facility from Hadrian’s Wall will help us to continue to serve our clients and future clients who are looking to realise their business plans.
“Hadrian’s Wall is committed to Pulse Cashflow and helping us to grow our business and we look forward to working in partnership with them as we continue to serve the business community.”
HWSIL is a direct lender specialising in loans to SMEs and financing companies that, in turn, fund SMEs and small businesses in the UK. HWSIL is an investment company listed on the London Stock Exchange.
Marc Bajer, CEO at Hadrian’s Wall Capital Ltd, the investment adviser to HWSIL, said:
“Pulse Cashflow is the type of outstanding counterparty whom we seek to support as they build their business.
“Toni and her team of customer driven professionals impressed us with their knowledge and focus. We look forward to a long-term partnership with Pulse Cashflow which will allow us to achieve our mutual goal of providing finance to the underserved SME sectors of the UK economy.”
Law firm Wright Hassall acted for HWSIL Finance Co (a wholly owned subsidiary of HWSIL) on the deal.
Keith Ainsworth, partner, who led the transaction for Wright Hassall with assistance from associate Sophie Thornton, said:
“We are happy to have acted for HWSIL Finance Co on this significant transaction. We look forward to seeing the growth in Pulse’s business that this new finance will promote.”