integrated marketing services.
Horizon Digital Media provides high quality services to its customers and wanted a high quality solution to its cash flow challenge.
The company is a South Wales-based integrated marketing services business, which includes print, content, graphic design, PR, web design, development and maintenance.
The business creates brands and develops customer campaigns, ensuring the material produced is of the highest quality and can be used in the most efficient way for their customers' needs and budgets. They employ 12 full time staff and their turnover is £660k per annum.
As a media agency, Horizon Digital Media is often in a situation whereby it has provided the service and raised the invoice but fully aware that payment will not be received immediately. This means that managing cash flow is paramount to the company's operations.
Just Cashflow was recommended to Horizon by a third party and subsequently contacted them. Following discussions relating to the difficulties the business encountered, it was concluded that Just Cashflow's WageRoller Solution would be implemented to provide a source of cash during any difficult months when the payroll could not be satisfied.
When goods and services have been invoiced for, but payment may take up to 60 days, this will inevitably cause cash flow issues, especially in circumstances where stock and materials have been sourced and paid for at the time of order.
Knowing that the funds are available to draw down if required gave Kevin Ogden, Managing Director, the peace of mind that comes with knowing that staff wages can always be paid on time while he awaits payment from customers. Without a good team, Kevin explained the business would not be the success it is and therefore, imperative that the employees are always at the top of the company's agenda along with their clients.
Kevin approached his traditional bank first but found them to be very rigid in terms of providing financial support and he was also put off by the time it would take to draw out funds.
Of Just Cashflow he says; "the service was efficient and the speed and process met all expectations".
Yes, I would definitely use Just Cashflow again.Who have we funded?
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