CLS gets a lift with £800K funding deal

A LIFTING specialist has secured an £800,000 finance facility as it pushes ahead with its ambitious growth plans.

Based in Failsworth, Contract Lifting Solutions (CLS) manage the full lifting operation for a wide variety of businesses with a focus on the telephonic and construction sectors.

The £800,000 facility replaces a £500,000 bank package and CLS  said the new arrangement gives it the confidence in  the headroom available to maintain its  growth.

CLS have recorded significant increases in turnover and profit year on year since its inception in 2013 and are on track to see an increase of 20% in sales to £4m over the next 12 months.

The funding facility was provided by Manchester based invoice finance specialists Positive Cashflow Finance.

Dave Cassidy, managing director at CLS said: “We are delighted to have secured an £800,000 facility as a lack of funding has held us back historically. We are an ambitious business and now have the funding to support our plans.

“We felt Positive were the right funder for us as they took the time to understand our needs and tailored a facility to match it.”

Nick Chapman, sales & marketing manager said: “The unique full service operation that CLS offer gives their customers the confidence that the projects will be completed on time and to a high standard.

“With the increased funding line agreed, CLS can continue to diversify and target other sectors with the confidence that they have a funder willing to support them.”