Ultimate Finance Group

Ultimate Finance Group helps SMEs in Yorkshire overcome cashflow challenges. It specialises in offering a range of innovative and practical alternative finance solutions developed for a wide variety of different industries and situations.

The company was established 2002 and has grown steadily since then. It was acquired by Renovo PLC in 2013, creating one of the UK’s largest independent providers of SME finance in terms of market capitalisation. It now has offices in Bristol, Manchester, Lutterworth and Norwich, employing over 100 staff and handling 1000+ clients across England and Wales.

The kind of personal service really appreciated by SMEs

Keenly aware of the need to create a truly unique offering the team at Ultimate has taken a very different approach to that of the more traditional financial institutions.

Where the bank and other big providers tend to be unwieldy and unfriendly Ultimate Finance prides itself on being refreshingly friendly, flexible and helpful. They have always striven to build bespoke cashflow solutions around the individual needs of each client rather than harbouring an inflexible “one-size-fits-all” attitude.

This customer-centred ethos is underpinned by the fact that the ratio of client managers to clients is significantly higher than the industry average – this enables the company to provide faster decisions, more attentive service and a higher levels of support.

Innovative niche products tailored to the needs of specific sectors

This insistence on seeing things from the customer’s perspective, combined with an eagerness to offer superior levels of service, has led Ultimate Finance to develop a number of innovative new products. These are specifically designed to meet the highly specialised needs of SMEs in particular sectors not well served by traditional providers of finance.

These include:

Ultimate Construction Finance

These tailored facilities provide funding against Uncertified Applications for Payment to the first tier subcontractor sector – up to £2,000,000 is available to bridge the gap between raising applications and getting paid. The facility is offered on a confidential basis and the pricing matrix is clear from the outset.

Ultimate Recruitment Finance

This is a truly dedicated service run by experienced recruitment industry experts who only work with clients in this sector to provide advances of up to 90% of an agency’s unpaid invoices. The balance due on invoices is then made available as soon as the money has been collected from the client.

Ultimate Recruitment Finance also partner with leading software developer ETZ to offer the most capable automated timesheet solution on the market – a system that enables agencies to transform the efficiency, productivity and profitability of their entire business.

Ultimate Transport Finance

An Invoice Finance facility that releases up to 95% from a client’s ledger balance – way above the current industry average of 80%. It also creates a cash reserve of some £7,700 of working capital for an operator’s first vehicle over 3.5 tonnes and a further £4,200 for each additional one. This is so they can immediately demonstrate compliance with the financial requirements of the O Licence. The Ultimate fuel card also offers a massive 21 days credit – no bond is required and the annual administration fee is just £50.

Additional facilities to help SMEs overcome their cashflow challenges

Ultimate Finance also offers dedicated cashflow solutions to SMEs who purchase goods from abroad, making it easier for them to grow their business without having to find the working capital required. Ultimate Finance can also pay the import duty, import VAT and freight charges.

Asset Finance is also available to SMES that want to spread the cost of buying new machinery and equipment. Ultimate Finance is an approved lender under the government’s Enterprise Finance Guarantee scheme and can advance sums from £1,000 to £50,000. It has also recently launched Ultimate Business Cash, an online portal offering a quick and easy way to access short term business loans.

For further information on any of these services visit www.ultimatefinance.co.uk

If you’d just like to discuss a particular cashflow challenge please call Katie McNulty on 07795 005 327 (Yorkshire)