FINANCE group Reward had its “busiest month on record”, helped by 10 deals in 10 days which saw it advance funds totalling £4.5m.
The deals were completed on behalf of Reward’s three businesses – Reward Capital, Reward Invoice Finance and Reward Trade Finance – and included a £500,000 briging facility for a music festival and the purchase of £300,000 of electric skateboards.
Dave Jones, joint managing director at Reward Finance Group, said: “The school holiday period is perceived as being a quiet period for the deals market. However, August has seen Reward experience its busiest month on record, finishing with 10 deals in the final 10 days leading up to the bank holiday weekend.
“Being able to complete deals in extremely short timescales means we can help businesses maximise opportunities that they may well otherwise miss out on.”
Reward was assisted by law firm Clarion, which had assembled a dedicated team to service the recent flurry of activity.
Jonathan Simms, corporate partner at Clarion, said: “Reward Finance Group has been extremely active in the regional deals market in 2015 and this latest milestone is further evidence of this.
“A number of these deals were completed in extremely short timescales, including a £1.2m property purchase completed within 48 hours of instruction. The frenetic period necessitated our staff having to work around the clock to meet demand.”
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