Partner Article

Entire Projects secures £150k from Manchester funding line

Bolton-based estate management firm, Entire Projects, has increased turnover by over 180% after winning a £150,000 fund from Positive Cashflow Finance.

Positive previously funded the integrated trade services in May 2011 when it was a start-up business.

In 2011 the firm recorded turnover of £530,000 which increased to £1.5m by 2012, while this is forecasted to reach £1.8m by next year.

Entire Projects deals with public and private clients with integrated solutions for construction, repair and maintenance.

The business has nine permanent staff and 20 individual subcontractors working across the UK.

Phil Hodson, managing director at Entire Projects, said: “The funding line has provided us with a boost in the early stages of our business, without us having to worry about putting our finances at risk.

“It has enabled us to grow at a much faster rate and take on more work than ever before. Now we are seeing a number of larger projects coming on board, with some valued in excess of £50,000.

“The team at Positive have truly understood our business strategy and produce real time quality reports, allowing us to effectively control debt, VAT and CIS payments, which is essential for the smooth running of our business.”

Phil Chesham, sales and marketing director at Positive, added: “Since the business started trading in 2011, we have worked together with the management team at Entire Projects and supported them through a critical phase of growth for their business.

“We have created a solution that will enable them to take on bigger contracts and accelerate the flow of work. As the firm’s customer base continues to expand, they will also be looking to fill more jobs at the site in Bolton.”

Positive, which is based in Manchester, works with businesses and provides funding facilities from £10,000 to £1m to improve working capital, fund acquisitions and accelerate growth.

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