UK-based producer and installer of corporate images, Hawes Signs, has secured a £2m invoice finance facility from Secure Trust Bank Commercial Finance.
The facility will enable the business to manage its cashflow, as it looks to achieve its growth plans. Hawes, acquired by HLD Group earlier in the year, has 163 employees and reported revenues of £22m in 2014.
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Demis Ohandjanian, chief executive officer at HLD Group, said: "For an SME, accessing finance is often a significant barrier to maximising growth, and this finance facility enables businesses like ours to adopt more expansive strategies and look towards the future with optimism.
"From introduction, the deal was completed within five days, meaning that we were able to continue the day-to-day operations alongside."
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