Engineering company lands six-figure funding to fuel growth plans

SpeedFlex Engineering, a Midlands-based company specialising in aerospace, automotive, and gas turbine components, has secured £650,000 in funding.

With a tailored £250,000 Confidential Invoice Finance facility and a £400,000 Asset Finance facility from Time Finance, the company can invest in its operations and gear up for expansion.

SpeedFlex Engineering, located in Stourport-on-Severn, manufactures components for the aerospace, automotive and gas turbine sectors.

Sam Evans, regional sales manager at Time Finance said: “We were thrilled when SpeedFlex Engineering was referred to us. Collaborating with Rob Walters from our Invoice Finance division to see the transformation of cashflow worries into strategic business growth plans is exactly what we aim to do here at Time. We moved quickly to ensure a quick resolution before the Christmas break, ensuring all financial overheads were met as trading slowed.”

Managing director at SpeedFlex, Stephen said: “The team at Time Finance work differently to other lenders. They have a human approach to the solutions they provide. Working with Rob Walters and Sam Evans was easy, they are personable and friendly and we had open and honest conversations about my needs, the needs of the business and my plans for the future. They turned both the Invoice Finance and Asset Finance deals around in just three weeks. Nothing was too much trouble and the whole thing happened smoothly.”