Manchester manufacturer secures six-figure funding deal
PGI Seating Solutions is focused on future growth and new contract wins after receiving a six-figure funding working capital facility. Liquidity Club has arranged and advised the deal with Positive Cashflow Finance acting as the funders.
PGI Seating Solutions manufactures and installs specialist fixed seating and bespoke contract furniture. PGI Seating Solutions 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 PGI Seating Solutions future growth strategy and day to day operational requirements.
Paul Gavillet, Managing Director PGI Seating Solutions 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. We have been very happy with the guidance provided by Chris Carter at Liquidity Club and Andy Hume at Positive Cashflow Finance.”
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 for PGI Seating Solutions. 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 £50k Positive Plus Over Advance also provided Paul and the team with extra headroom and peace of mind.”