Quick facts
Business loan of £100,000
Business: Construction
Location: Southampton
Purpose: To allow Vision to service their contracts and continue expansion plans
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Morecambe based GBS scaffolding used their loan to purchase new safety equipment and stock.
GBS scaffolding borrowed just over £100,000 over 60 months.
Vision Scaffolding Solutions
Vision Scaffolding is a professional scaffolding company based in Southampton. Led by Adam Gage, a scaffolding expert with over 35 years’ experience, the team is made up of professionals in construction, site safety, logistics and customer support.
The company’s commitment to long-lasting relationships is underpinned by their reliability and flexibility. And it’s a formula that’s been proven to work – in three years their turnover had increased year on year and the number of site operatives had grown from 3 to 17.
The only thing holding Vision back was a lack of materials. Despite excellent relationships with their suppliers, they were not able to finance the level of orders required from existing cash reserves. Contracts worth £750,000 had been secured, but without the materials to service the orders they might have had to turn quality business away.
FundingKnight was able to provide a loan of £100,000 over 24 months to Vision to enable them to service their contracts and continue their expansion.