Invoice finance to stimulate job creation at Warrington cleaning equipment firm

A cleaning equipment firm is set to create new jobs and increase its turnover after securing a new £50k invoice finance facility.

Warrington-based Rokserv Ltd is expecting to launch new employment opportunities in September after receiving invoice finance via Ultimate Finance, which operates throughout the UK but has an office in Manchester.

The firm’s director, Deborah Bird, commented: “As with all small businesses, growth can be held back because it can take months to receive money from outstanding invoices, which puts a strain on the business. It is well documented that banks are reluctant to lend so we looked at alternative ways of financing our growth.

“Mark Holland at Ultimate Finance provided an invoice finance facility enabling us to receive the money we are due shortly after the invoices are issued. This can then be invested in new people and machinery to help grow the business.”

Launched six years ago by Peter and Deborah Bird, along with their colleague Karl Teare, and initially operating from a small industrial unit, Rokserv Ltd cost less than £3000 to get off the ground. Today, the company is based in a 3,000 sq ft warehouse with stock worth more than £100k.

The North West director for Ultimate Finance, Mark Holland, said: “There are so many successful businesses like Rokserv who are unable to realise their full potential because they cannot access funds via traditional methods.

“Unfortunately invoices can take a long time to get paid, even from very successful blue chip companies, so our aim is to provide a solution to free that money up so the company can use it to build on their success.”

He added: “It is very pleasing for us when we are able to assist an ambitious company like Rokserv to continue to do well and grow the business.”