Funding case studies

Verified cases, shown in commercial detail.

Six verified case summaries covering invoice, bridging, trade and a declined structure.Amounts are shown as ranges and client names are withheld.

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Case files

What was reviewed, what complicated it, and how it was structured.

Each summary retains the evidence reviewed, structure, timing, complication and outcome. Cashbook Finance confirms the underlying cases are genuine and approved for publication.

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6verified anonymised cases
3funding structures represented
6commercial sectors covered
Case 01 · Invoice finance

Recruitment business funds weekly payroll while customers pay monthly

A growing recruitment company needed additional working capital to meet weekly temporary-worker payroll while several major customers paid invoices on 30- to 60-day terms.

Sector
Recruitment and staffing
Amount
£150,000–£250,000 facility
Route
Invoice finance

Evidence reviewed

Recent management accounts, aged debtor and creditor reports, payroll records, customer contracts, approved timesheets, bank statements and a sample of invoices raised against completed assignments.

Facility structure

A revolving invoice-finance facility secured against eligible unpaid invoices. Funding availability was linked to approved invoices and adjusted for agreed concentration limits, disputes and other ineligible balances.

Timing

An indicative structure was discussed within two working days of receiving the initial information. The facility progressed after financial, legal and debtor-verification checks were completed.

Complication

A significant proportion of the ledger was concentrated across two customers, and one customer required approved timesheets before invoices became payable.

Outcome

The facility was structured around verified timesheet-backed invoices, with specific concentration controls. The business gained a more predictable source of working capital for payroll and was able to consider new assignments without relying solely on its existing cash reserves.

“The team understood that our main pressure point was weekly payroll rather than a lack of profitable work. The process focused on the quality of our customers, approved timesheets and the invoices we had already earned.”Managing Director, UK Recruitment Company
Case 02 · Invoice finance

Facilities-management contractor supports growth after winning new contracts

A facilities-management provider had secured several new commercial contracts but needed additional liquidity to pay staff, subcontractors and suppliers before receiving payment from its customers.

Sector
Facilities management
Amount
£300,000–£500,000 facility
Route
Invoice finance

Evidence reviewed

Signed customer contracts, recent invoices, aged debtor reports, management accounts, bank statements, payroll information, subcontractor costs and evidence of completed services.

Facility structure

A revolving invoice-discounting facility providing access to an agreed percentage of eligible invoices. The company retained responsibility for its customer relationships and collections, subject to ongoing reporting and monitoring.

Timing

The initial review was completed within three working days. Completion took longer because customer contracts and historic credit notes required additional analysis.

Complication

The business had experienced rapid growth, and its internal reporting had not developed at the same pace. Several credit notes also needed to be reconciled against the sales ledger.

Outcome

After the ledger was reconciled and reporting procedures were strengthened, a facility was structured around eligible invoices from established commercial customers. The company used the additional working capital to support mobilisation costs associated with its new contracts.

“Cashbook Finance did not treat our growth as automatically positive or automatically risky. They examined the underlying contracts, debtor quality and the operational cost of delivering the work before discussing a facility.”Finance Director, Management Company
Case 03 · Bridging finance

Short-term funding supports refurbishment before sale

An experienced property investor needed short-term funding to complete the purchase and refurbishment of a vacant residential property before placing it on the open market.

Sector
Residential property investment
Amount
£350,000–£500,000 gross loan
Route
Bridging finance

Evidence reviewed

Independent valuation, purchase contract, title documents, schedule of works, refurbishment budget, planning position, evidence of the borrower’s experience, bank statements and details of the proposed sale strategy.

Facility structure

A first-charge bridging loan secured against the property. Part of the funding was released at completion, with an additional amount allocated to approved refurbishment costs under an agreed drawdown process.

Timing

Indicative terms were discussed shortly after the valuation and project information were received. Completion followed legal due diligence and confirmation of the borrower’s contribution.

Complication

The initial refurbishment budget did not include an adequate contingency, and the valuation identified several works that needed to be completed before the property could be marketed effectively.

Outcome

The facility was resized to maintain an acceptable loan-to-value ratio, and the borrower increased the contingency contribution. The works were completed, and the property was prepared for sale in line with the agreed exit strategy.

“The costs and conditions were explained clearly from the beginning. When the valuation changed the original assumptions, the team addressed the issue directly and helped us understand what would be required to proceed.”Property Investor, London
Case 04 · Bridging finance

Chain-break facility enables purchase ahead of refinance

A trading business needed to complete the purchase of an owner-occupied commercial property before its longer-term commercial mortgage was ready to complete.

Sector
Commercial property
Amount
£600,000–£900,000 gross loan
Route
Bridging finance

Evidence reviewed

Independent valuation, purchase contract, title information, company accounts, management figures, bank statements, mortgage correspondence, proof of deposit and details of the proposed refinance.

Facility structure

A short-term first-charge bridging facility secured against the commercial property, with repayment expected from a commercial mortgage refinance.

Timing

The case moved from initial review to indicative terms within several working days. Completion depended on legal searches, valuation and confirmation that the refinance application was progressing.

Complication

The long-term lender required additional information and could not guarantee completion before the property-purchase deadline. The borrower also needed to demonstrate that it could meet the bridging interest and transaction costs if the refinance took longer than expected.

Outcome

The acquisition completed using the bridging facility. The borrower subsequently continued with the commercial mortgage process, with additional time available to satisfy the long-term lender’s requirements.

“The facility gave us the time needed to complete the purchase without pretending that the refinance was guaranteed. The risks of delay, additional interest and exit failure were made clear before we proceeded.”Director, UK Trading Business
Case 05 · Trade finance

Direct trade-finance facility supports a confirmed wholesale order

A UK distributor received a confirmed order from an established wholesale customer but did not have sufficient working capital to pay the overseas supplier before the goods were shipped.

Sector
Wholesale and distribution
Amount
£200,000–£350,000 transaction
Route
Trade finance

Evidence reviewed

Confirmed customer purchase order, supplier quotation and pro forma invoice, supplier verification, historic trading records, shipping arrangements, freight and duty estimates, product margins, currency exposure, customer credit information and the proposed repayment route.

Facility structure

A directly provided, transaction-specific trade-finance facility used to pay the approved supplier. Repayment was structured around delivery of the goods and receipt of payment from the end customer, subject to the agreed transaction controls.

Timing

The initial commercial review was completed within three working days. Funding followed completion of supplier checks, verification of the purchase order and confirmation of shipping and insurance arrangements.

Complication

Freight charges increased after the original order was agreed, reducing the expected gross margin. The supplier also requested payment to a bank account that differed from the account used on an earlier transaction.

Outcome

The payment instructions were independently verified, and the transaction economics were recalculated using the revised freight cost. The facility proceeded after the distributor agreed an amended sales price with its customer, restoring an acceptable margin and repayment buffer.

“The team reviewed the complete transaction rather than simply funding a supplier invoice. They checked the supplier, customer order, landed cost, margin and repayment route before committing funds.”Commercial Director, UK Distribution Company
Case 06 · Declined / redirected

Funding request redirected after invoice-finance assessment

A construction subcontractor requested an invoice-finance facility to release cash against unpaid applications for payment and support material and labour costs.

Sector
Construction subcontracting
Amount
£100,000–£200,000 requested facility
Route
Declined / redirected

Evidence reviewed

Applications for payment, invoices, customer contracts, aged debtor reports, bank statements, management accounts, payment certificates, retentions, disputes and correspondence with the principal contractor.

Facility structure

A selective invoice-finance arrangement was initially considered, subject to confirmation that the underlying debts were valid, completed, certified and free from material dispute.

Timing

The initial review was completed within two working days of receiving the core financial and contractual information.

Complication

A significant proportion of the requested funding related to uncertified applications for payment rather than unconditional invoices. Several balances were also affected by retentions, contra charges and ongoing commercial disputes.

Outcome

The invoice-finance request was declined because the proposed debts did not provide a sufficiently reliable funding base. The business was redirected to discuss alternative working-capital options with its accountant and existing banking provider, alongside improving its certification and collection processes.

“We could not support the requested structure, but the reasons were explained clearly. The team distinguished between certified invoices and applications for payment and did not encourage us to pursue a facility that was unlikely to work.”Managing Director, Construction Subcontractor
Verified client reviews

What clients said after working with Cashbook Finance.

Recruitment and staffing
“The application process was clear and commercially focused. We understood what information was needed, why it was needed and which parts of our ledger could support funding.”
Director, Recruitment Company
Wholesale and distribution
“Communication was direct throughout the transaction. The team examined the supplier, customer order, margin and delivery timetable rather than looking at the purchase order in isolation.”
Commercial Director, Distribution Business
Property investment
“The bridging costs, conditions and exit risks were explained before we committed. There were no unrealistic promises about completion or the future sale of the property.”
Property Investor
Professional services
“The team took time to understand how our invoices were raised and when they became payable. The proposed structure reflected our actual billing cycle rather than forcing us into a standard template.”
Managing Partner, Professional-Services Firm
Facilities management
“We received practical feedback on our ledger reporting and concentration risk. The review was detailed but relevant, and the proposed facility was clearly explained.”
Finance Director, Management Company
Manufacturing
“The team challenged our assumptions about timing and working-capital requirements. That made the final structure more realistic and helped us plan for delays rather than relying on the best-case scenario.”
Managing Director, Manufacturing Business