EFG1

Green Your Space Group

 

The Challenge

 

Green Your Space Group provides cleaning, security and facilities management services for a wide range of businesses across the country including large shopping centres.

 

The company is growing both organically and through acquisition and needs extra funding to facilitate this.

 

The Solution

 

“We went with ABN AMRO because of the service they were able to offer and the fact that they were sympathetic to us being an expanding business. They alerted us to the EFG scheme.”

 

We didn’t have to go off and satisfy lending criteria with a third party. The process was very smooth.”

 

Green Your Space Group borrowed £60,000 over two years to help expand their business.

 

The Result

 

Green Your Space Group are pleased to say that the effect the loan has had has been an extremely positive one”.

The loan has enabled Green Your Space Group to put deposits down to purchase other cleaning companies, allowing them to expand into other parts of the country that they were not already established in.

 

I submitted all the projections; ABN AMRO put it all into the underwriters. We got approval and the money very quickly.”

 

Looking forward

 

Green Your Space Group is looking to the future to “expand and generate addition turnover through our own organic means.”

 

“Allied to that we are looking to acquire other businesses. We are in negotiations with at least three companies at the moment- in which case we will be seeking further assistance from ABN AMRO and the EFG Scheme.”

 

Green Your Space Groups top tip to other businesses is: Cash is king. You have to keep your eye on the ball and keep looking at costs. You’ve got to make sure you’re collecting your debts and invoicing. Credit control is key so that you have the working capital to make sure the business keeps functioning.”

Background

Green Your Space Group provides cleaning and facilities management services for other businesses. Founded in 2007, the company are based in Hertfordshire with 650 employees.

Enterprise Finance Guarantee (EFG)

Raise from £25k to £1.2m with the EFG - an innovative business finance scheme, supported by the Government through the British Business Bank.

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