A six-figure invoice finance facility from Bath-headquartered alternative funding provider Time Finance is enabling an energy consultancy to accelerate its investment in sustainability and its support for the UK’s decarbonisation.
Award-winning consultancy Indigo Swan secured the finance package to support the completion of a management-buy-out by manager director James Groves and implement a renewed strategy.
The invoice finance facility will help it introduce a range of new initiatives, including new technology, processes and systems to streamline the energy procurement process and enable businesses to reduce their energy consumption and environmental impact.
James Groves, the driving force behind the Norwich-based firm’s sustainability strategy, has helped the business further diversify its offering through the provision of energy audits, electric vehicle charging, energy efficiency measures and renewable technologies.
Time Finance business development manager Rob Walters said: “We are very proud to be working alongside James and the team at Indigo Swan as they continue to drive positive change within the energy industry.
“Our experience within this sector allowed us to swiftly get a good grasp of the business, how it operates, its funding requirements and plans for growth.
“By building in essential headroom for growth we can ensure that Indigo Swan is able to move quickly to keep up the pace with ever-evolving technologies and processes, and in turn give it the confidence to make a real impact in the future of sustainability.”
Established in 2010 and now employing a team of 27, Indigo Swan provides advice and support to connect clients to the most suitable tariff and energy companies. It services nearly 600 clients across the property, education, manufacturing and engineering sectors.
James Groves added: “As a small business it’s been challenging to secure the funding we need from traditional lending routes and, for us, it felt important to partner with a funder that listens to, understands and has confidence in our ambitions.
“From our first conversation with Time Finance, we knew they were the ideal funding partner to do just that.”
Time Finance supports more than 10,000 businesses a year with flexible and supportive funding packages, including asset finance, invoice finance, business loans and asset-based lending.
