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Witts Transport Grow with Invoice Factoring

Witts Transport expands by 35% in 2015 with the help of Invoice Finance

A Hertfordshire based transport company specialising in overnight deliveries has reported a 35% increase in its growth this year. The company is currently hiring over 100 staff and has a planned turnover of £2.5 million by the end of this year. This comes after they chose Hitachi Capital Invoice Finance as their Cashflow Finance provider. The Invoice Factoring facility that we offer ensures that Witts Transport has a flexible and strong cash flow at all times by releasing a large percentage of the money tied up in unpaid invoices.

As a result, they have the ability to expand at a rapid rate and with forecasts they will have doubled in size by the end of 2016. Simon Wallace, Managing Director of Witts explains:

“We’re an ambitious company aiming to reach £5million in turnover by the end of next year. Our partnership with Hitachi Capital Invoice Finance is one built on trust and has freed up a lot of valuable time allowing us to focus on important aspects of the business such as expanding our service offering.

“Witts is on the verge of celebrating a ten year anniversary and the company is going from strength to strength. The consultancy provided by our relationship managers at Hitachi Capital Invoice Finance is second to none and we look forward to the partnership continuing to help us prosper.”

Transport companies like Witts are often quite vulnerable to cash flow issues, particularly as a result of delays and high operational costs. This makes Invoice Factoring an extremely useful tool in this industry.

First Class Customer Service

  • Not only does our Invoice Finance facility allow businesses to release cash from unpaid invoices, it also frees up valuable time, due to us taking care of the credit control process for you too. This has the added benefit of making negotiations with customers easier, as you’re in a stronger position knowing we’re behind you.

    Clients even have one dedicated Client Manager who will look after the account and ensure that everything is taken care of. Cath Brown, a Client Manager at Hitachi Capital who works alongside Witt’s transport states that:

    “Witts is able to call upon us to cover any unexpected payments such as a large VAT bill or simply to ensure employees are paid on time. We have an important role to play in helping to support the nation’s SMEs and our simple fee structure means that companies such as Witts aren’t hit with any hidden charges.”

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