CLS Lifted with Funding Boost
Contract Lifting Solutions (“CLS”) has secured an £800,000 funding facility from Manchester based invoice finance specialists, Positive Cashflow Finance (“Positive”).
Based in Failsworth, CLS manage the full lifting operation for a wide variety of businesses with a focus on the telephonic and construction sectors. CLS differentiate themselves by managing the health and safety, traffic management, plant hire and staffing needs giving their clients the confidence that they have one firm managing the whole process.
The £800,000 facility replaces a £500,000 bank package and gives CLS the confidence that they have the headroom available to maintain their growth. They have acquired an envious client base of blue chip businesses which includes some of the biggest players in the construction, telecoms, and renewables sectors throughout the UK.
CLS have recorded significant increases in turnover and profit year on year since their inception in 2013 and are on track to see an increase of 20% in sales to £4m over the next 12 months.
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.”