A Year in the life of Ashley…
It’s been a busy year at Ashley – new funding solutions, additions to the team and over 400 SME’s paid out with around £20 million funding support. To meet the demands of an ever changing market we enhanced our funding options to include Bridging Loans. Ashley Bridging Loans are designed to quickly ‘bridge the gap’. Whilst they are ideal for developers, landlords and people buying property at auction, they can also be used for any business purpose such as refurbishments, redevelopment or to provide temporary cashflow.
Something we are pleased to share with you are the statistics from our operations department. Figures from ABFA showed that SMEs now wait an average of 72 days for payment of their invoices, a figure which has risen from 61 days in 2009. Due to the professional credit control we offer as standard with our invoice finance facility, we have achieved an average of 43 debtor days – below the national average! Ashley has grown a lot this year, in both our client portfolio and within our team! Since December 2014 we have welcomed 8 new members off staff, enhancing areas such as admin support, sales and customer service.
Despite the fast growth of the company we are still proud to maintain our friend of the SME culture! Our year would not have been as successful without the support of our valued Introducers. The leads passed over to the team are always appreciated and it is great that we have been able to help so many of these with the funding support they have needed to assist with growth, help keep them trading, purchase stock needed for orders and pay the wages.
We are always looking at the needs of SME’s and use this to develop our funding solutions, so no doubt you will continue to see evidence of tis through out 2016 as well.