Gener8 Finance, the invoice finance provider to small businesses across the UK, has supported a fabrication and welding firm with an additional cash flow funding facility.
Stortford Sheet Metal is using the uplifted £200,000 invoice finance funding to manufacture medical boxes for the Nightingale NHS Hospital in London, in a bid to help support the UK’s unprecedented COVID-19 health crisis.
The Hertfordshire-based business specialises in precision and general sheet metal manufacturing offering laser cutting, CNC punching and brake press, welding, and fabrication.
With over 30 years’ experience in the industry, the team pride themselves on using only the latest technology to deliver sheet metal fabrication and welding to the highest specification.
Stortford Sheet Metal have now produced more than 400 medical boxes that will act as crucial pieces of NHS hospital equipment.
Paul Jerram, Director at Stortford Sheet Metal, commented: “We’re proud to use our expertise and knowledge to actively support the NHS and British public in any way we can through this health crisis.
As we stay open for business, we’re adapting quickly to meet the growing demand from the healthcare industry and responding to new opportunities to help and support where we can.
Whilst we’ve partnered with Gener8 for many years now, the recent increase in our funding facility has been fundamental in providing us with access to the additional working capital required to support ongoing cash flow requirements and deliver this project.”
Tansy Cunningham, Head of Business at Gener8 Finance, added: “We’re proud to support Paul and the team with an additional funding facility. It comes at a crucial time for the business whereby maintaining the cash flow to continue trading during these challenging times is vital.
“What the team at Stortford Sheet Metal are now achieving and delivering is a fantastic example of how companies can adapt and come together in this unprecedented global crisis. We are delighted to support a business who make a real difference and we look forward to continuing a long business relationship and assisting them achieve their future business goals.”
Gener8 Finance, who are part of the 1pm Group of Companies, remain open for business and available to support credit worthy British businesses through the coronavirus pandemic with cash flow funding facilities ranging from £50,000 to £1m. Collectively the Group provide access to a multi-product range of business finance solutions from invoice finance, asset finance, commercial loans through to vehicle finance.