Ultimate Finance helps PD Tools maintain steady cashflow with invoice finance
Ultimate Finance supported PD Tools with a facility that unlocks cash from unpaid invoices, so the business can keep moving without waiting for customer payment terms.
PD Tools has used an invoice finance facility from Ultimate Finance to keep cashflow steady and avoid reliance on fluctuating overdrafts.
The business supplies industrial equipment and specialist torque analysers, and operates through two divisions: PD Tools and PVS Engineers.
Phil Rook, director of PD Tools, said: “Our customers rely on us to deliver quickly and get the detail right. Having cashflow we can trust means we can keep that promise.
“The challenge with an overdraft is that what you need on Monday isn’t what you need on Friday.
“We wanted something that flexed with the business – and didn’t become another thing to manage every day.”
Ultimate Finance supported PD Tools with an invoice finance facility that unlocks cash from unpaid invoices, so the business can keep moving without waiting for customer payment terms.
Funding is linked to sales ledger activity and flexes in line with demand as invoices are raised.
The solution also helps reduce exposure to specific credit risks.
Lesley Mouncher, relationship manager at Ultimate Finance, said: “Invoice Finance can be a real advantage for most businesses.
“It turns invoices into usable working capital, so you can cover day-to-day costs, plan ahead with more confidence and keep delivering — even when customers’ payment processes are complex.”
Rook said: “Ultimate Finance understands our business – including the quirks that come with different customer profiles and different processes.
“If anything ever needs additional support, it’s dealt with quickly and properly.”
Ultimate Finance will continue to provide a facility that flexes with trading needs and keeps the day-to-day running smoothly.
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