- Cleaning specialist to achieve growth levels of 100% during the next 12 months
- The firm plans to expand into new markets
- Invoice discounting facility supports growth
Buildings maintenance company Unita Maintain is on track to achieve 100% growth over the next 12 months. This is due to a combination of new contracts and expansion into areas such as security services. The firm is expected to turn over £6 million during 2016-17.
Established only four years ago, growth and success at Unita Maintain has been rapid. To help sustain this rate of growth, Unita Maintain's Relationship Manager at NatWest introduced the company to the Royal Bank's invoice finance team. The company subsequently secured a £1m invoice discounting line. The facility is designed to support working capital, freeing up funds from the sales ledger to aid liquidity and boost cash flow.
Based in Sheffield, Unita Maintain provides buildings maintenance service to a diverse range of companies. Services include contract cleaning, window cleaning, carpet and upholstery cleaning, void and site clearance, grounds maintenance, a handyman service and a full Planned Preventative Maintenance service. The firm also has a second office also in Wakefield which provides support to customers located further north.
John Chidlaw, Director at Unita Maintain:
"I am pleased with Unita Maintain's success. Growth has been extremely positive, and as we move into new markets we expect that this will continue to rise.
"The facility we have secured is an integral part of our ongoing growth strategy. I have been really impressed with the teams at Royal Bank and NatWest. They worked together to organise our funding in a very short timeframe and have gone the extra mile to support our business."
Kevin Burrows, Commercial Business Development Manager, Royal Bank invoice finance team:
"Unita Maintain has achieved fantastic growth during the last four years and I am pleased that we are able to support the business during the latest stage of its development. This is a very exciting time for the company."
Security may be required. Product fees may apply.
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT.