Member Article

Positive Cashflow Finance report £650k profits

Manchester-based Positive Cashflow Finance has posted a £652,000 profit for 2012, alongside a total turnover of £3.6m.

The firm supports businesses by advancing funding on invoices to help them manage cashflow.

Positive completed 78 deals over the past 12 months, and advanced approximately £14m to its clients.

Managing director of the company, David Smith, commented: “We are delighted with our performance over the past year in such an uncertain economic climate.

“We have invested significant capital this year in two new offices in Birmingham and Basingstoke, which are now starting to deliver results, so to make such a healthy profit on top of this is a real bonus.

“This year we will be looking to continue to build on the well-established brand name in Manchester and develop the exciting opportunities in and around Birmingham and Basingstoke.”

Phil Chesham, sales and marketing director, added: “These results show that our model of building an ongoing relationship with our clients to really understand their funding needs does work.

“By providing companies with working capital, we can offer them the financial security and confidence necessary to move their business forward.”

Positive provides funding between £10,000 and £1m for working capital, fund acquisitions and growth acceleration.

This was posted in Bdaily's Members' News section by Miranda Dobson .