Member Article

Business to help SMEs access funding launched by duo

A business dedicated to helping SMEs access vital funds to develop and grow has launched in the Midlands.

Paul Stokes and Kirsty Ibbotson have co-founded a new invoice finance company, called FlexABL, and have opened their headquarters at Lake View House on Wilton Drive in Warwick.

The duo have a combined 35 years of commercial finance experience in aiding the development and growth of the UK’s SME community.

Their new venture will see them providing finance to small to medium sized businesses that are looking to boost their cash flow or invest to aid future growth.

Paul said: “SMEs are the backbone of the UK economy, so it is vital that we are supporting them now more than ever to ensure both they and the country business community bounce back stronger from the pandemic.

“Many of the bigger banks and our competitors are moving out of the smaller business space, making it more difficult for smaller businesses to achieve their aims - whether that is investing in equipment or staff to diversify and grow, or simply seeking some short-term cash flow relief to remain stable.

“Businesses have received commendable government support over the past year, but they now need further funding to help them thrive in the long-term, which is where FlexABL can play a vital role in providing that launchpad for future growth.

“I’m really excited at the prospect of working alongside Kirsty to help companies across the country to bounce back from the pandemic.”

FlexABL will be helping SMEs to access funding by providing finance against their trade receivables, sometimes a business’s biggest asset. They can offer confidential facilities to smaller businesses, and will tailor their products to the individual needs of a business, with no long-term contractual tie-ins, something that they believe will appeal to business owners in the current environment.

Kirsty added: “Combining the latest technology with a personalised service that is tailored to each business owner’s needs and circumstances is key to our business, and is an approach we feel will stand our clients in good stead.

“Although our headquarters are based in Warwick we very much pride ourselves on having nationwide presence given both mine and Paul’s wide-ranging experience within the commercial finance industry.

We already have a number of clients on board, and we are looking forward to a strong year of growth ahead with further plans to recruit over the coming months.“

This was posted in Bdaily's Members' News section by Matt Joyce .