Specialist seating manufacturer secures six-figure funding deal

Deal done

PGI Seating Solutions is focused on future growth and new contract wins after receiving a six-figure funding working capital facility.

Liquidity Club, which has offices in Manchester and Liverpool, has arranged and advised the deal with Manchester-based Positive Cashflow Finance acting as the funders.

PGI Seating Solutions, based in Cheadle, manufactures and installs specialist fixed seating and bespoke contract furniture.

It specialises in all aspects of fixed seating, such as bench seating, booth seating, restaurant and bar seating and banquette seating.

The business quickly established a reputation for niche contract work to provide seating solutions for pubs, universities and larger corporates. Today the company employs 12 people.

PGI Seating Solutions has enjoyed steady growth and the working capital facility provided is helping to support the firm’s future growth strategy and day-to-day operational requirements.

Managing director Paul Gavillet said: “We’ve built a superb reputation and are delighted to have fashioned and furnished hundreds of booth, bench and banquette seating systems for clients across the UK.

“Our key focus is on providing quality and we are proud of our gifted team of upholsterers, joiners, machinists and polishers.

“We have enjoyed steady growth and thanks to this new finance facility we can grow the business further with confidence and fulfil new contracts.”

Chris Carter, regional director North West at Liquidity Club, said: “PGI Seating Solutions is a thriving business and I am delighted to assist them with a funding package that supports their growth aspirations and provides confidence to win new contracts.

“I worked closely with the management team to understand what financial solutions would work best and introduced them to Andy Hume at Positive Cashflow Finance. Together we were able to respond quickly and provide a flexible solution.”

Andy Hume, regional sales director at Positive Cashflow Finance, said: “We are pleased to have been able to work alongside Chris and the Liquidity Club, offering a bespoke funding facility.

“Invoice finance was the ideal solution, unlocking cash otherwise tied up in unpaid invoices and allowing the business to take on new orders with certainty. The additional £50,000 Positive Plus Over Advance also provided Paul and the team with extra headroom and peace of mind.”

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