Hard hats and safety rope

Prism Network


The Challenge

Prism Network was going from strength to strength. 
 
With its unique integrated approach, transparent operation and specialist software systems, the business had enjoyed a highly successful three years of trading. However, to become a major supplier in the market, Prism needed a £2m investment package to grow. 

The Solution

Partnering with ABN AMRO Commercial Finance, Prism received an offer for £1.5m of confidential invoice discounting. The funding gives Prism not only secure day to day cashflow cover - but the ability to approach future growth with confidence.
 
“We have many exciting initiatives planned for the next 12 months, which we believe will shake up the market,” shares Mark Orton, Managing Director at Prism Network. 

"We're looking forward to really making our mark on the market"

The Result

The funding solution enabled Prism Network to concentrate on their important plans for the future. The business was able to recruit  new employees – including a further new team of broker account managers. 

The business has expanded their Midlands headquarters, and the investment will allow the business to increase its network of contractors throughout the UK. Maintaining financial headroom and reassured by day-to- day cashflow cover, Prism Network can confidently continue with their growth plans. 

With a little help from their perfect funding partner, the future is looking bright. Mark is confident that the partnership will help the business to flourish: “With the backing and expertise of our funders, we’re looking forward to really making our mark on the market,” he says. 

Background

Prism Network is the national disaster recovery and building repairs specialist. The company repair works from start to finish, and factor in overall claim indemnity spend, including business interruption.

Prism works with several insurers, loss adjusters, and over 450 brokers including 50% of the top 100.

Invoice Discounting

 Invoice Discounting allows you to raise funds using your unpaid invoices - we offer an advance of up to 90% on unpaid invoices immediately.

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