29 January 2020
"I've been impressed with Funding Options. They took the time to really understand our requirements and have connected us with funding providers who have taken a commercial and flexible approach. I have recommended them on several occasions and will continue to do so."
fdu are industry leaders in executive search and recruitment dedicated to Finance professionals. With both stock exchange-listed big names and innovative SMEs in their client book, the motto 'Committed to growth' sums up their way of doing business.
fdu approached Funding Options to explore what flexible invoice discounting products were on the market to support their continued growth. They had secured terms with standard bank products, but these were much too rigid and particularly unsuited to the structure of the company — which specialises in providing both permanent and temporary placements.
We worked with the owners to understand what product would match the business’s service, and introduced fdu to an alternative invoice finance provider that offered a simple and transparent facility in a very short period of time. This allowed the business owners to move forward with their growth plans and concentrate on what matters the most — the running of the business!
Eight months later, David and business partner Adam were looking to take their growth to the next level, and got back in touch with Funding Options. David had read about pension-led funding, and thought it could be the right fit for the long-term plans of the company.
Pension-led funding allows you to use the money in your pension to lend to your business — so the business gets the funding it needs, and repays the pension with interest. That means David could see both his business and his personal pension grow.
fdu have gone from strength to strength since unlocking the funding from David’s pension — showing that alternative finance was the right fit for their dynamic business not once, but twice.
Discover more about how pension-led funding could help your business here.
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The additional funds meant Aziz could keep his business open, pay his rates and bring back his staff gradually. More importantly, it allowed him to expand his successful business online.
"Funding Options basically took all the hassle out of it. We've now been able to expand the company to a point where the next step for us will be to bring in investors over the next year."