Funding helps Yorks Sweeper clean up

An industrial service company is accelerating its growth with new financial backing.

Cranfield-based Yorks Sweeper Hire, which provides road sweeping, jet washing, gully sucking and surface cleaning across multiple counties, has secured a £500,000 invoice factoring facility from Skipton Business Finance.

The deal represents a £150,000 increase on its previous arrangement with a high street bank.

Bosses say the improved facility includes enhanced terms such as bad debt protection and a 120-day recourse period.

Samuel York, managing director of Yorks Sweeper Hire, whose clients range from construction firms to major brands such as Starbucks, McDonald’s and David Lloyd, said: “We operate in an industry where it’s common to have debts that age more than others, and the facility and business we’d been working with before Skipton had very little flexibility.

“The cost of Skipton’s invoice factoring facility, the increased credit limit and recourse period, and the inclusion of bad debt protection, which really is vital for a business like ours, all added up to making the decision to switch the easiest business decision I’ve ever made.

“And the timing couldn’t have been better. 

“A big competitor of ours fell away recently, creating a growth opportunity for us that Skipton’s facility has really helped us capitalise on.”

Robin Edlington, associate sales director at North Yorkshire-based Skipton Business Finance, added: “You sometimes meet a business at just the right time, and with Samuel and Yorks Sweeper Hire, that’s certainly been the case. 

“They had a growth opportunity, an unflexible factoring partner and a clear need for bad debt protection.”

The business owners were so pleased with Skipton’s service that they even named a road sweeper after Robin.

Robin added: “My family, friends and colleagues are all taking a great deal of joy in Robin the road sweeper!” 

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