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Starting a business in the construction and energy sectors is challenging, especially when focusing on niche and impactful areas like public sector construction projects and sustainable housing solutions. CYD INNOVATION LTD embarked on its journey with a clear mission: to excel in contract management while championing net-zero housing initiatives.
With a small team and an ambitious plan to achieve a £2 million turnover by early 2025, CYD aimed to balance growth with a commitment to sustainability and operational excellence. However, like many SMEs, they faced significant challenges, including securing the necessary funding to scale. This is the story of how CYD partnered with Nucleus to turn these challenges into opportunities for growth.
What challenges led you to seek funding?
CYD INNOVATION LTD: As a startup, we faced the usual hurdles—managing cash flow, scaling operations, and navigating a competitive market. We already had a £36,000 pre-existing facility, but it wasn’t enough to meet our growth ambitions.
High street banks were hesitant to support us because of our startup status, which pushed us to look for alternative lenders who could understand and support our vision.
Why did you choose Nucleus over traditional lenders?
CYD INNOVATION LTD: Nucleus stood out for several reasons:
- Professional Approach: They took the time to understand our unique needs.
- Proactive Engagement: The team was highly responsive and always a step ahead.
- Speed and Efficiency: The entire process, from application to payout, was completed in just 14 days—something unheard of with traditional lenders.
Most importantly, Nucleus made us feel like a valued partner, not just another customer.
What type of funding did you secure, and how did it help?
CYD INNOVATION LTD: We secured a Nucleus Business Loan (NBL) for £143,700, structured over 24 months. This funding was pivotal in stabilising our cash flow and enabling us to focus on growth initiatives.
The immediate impact was noticeable—we could manage our day-to-day operations seamlessly and invest in opportunities that aligned with our long-term vision.
How has this funding changed your business?
CYD INNOVATION LTD: The loan from Nucleus has significantly improved our cash flow, allowing us to take on larger projects and deliver them efficiently. It’s also given us the confidence to think bigger and plan for the future.
As a startup transitioning to a scale-up stage, this stability has been invaluable. The funding has allowed us to explore new markets and position ourselves as a competitive player in the construction and energy sector.
How was your experience working with Nucleus?
CYD INNOVATION LTD: Working with Nucleus was a breath of fresh air. What stood out the most was:
- Quick Decisions: They kept things simple and fast.
- Accessible Team: The team was always available to answer questions and provide guidance.
With Nucleus, we felt supported every step of the way.
Did you approach other lenders before Nucleus?
CYD INNOVATION LTD: Yes, we initially approached a high street bank, but they were hesitant due to our startup status. The process felt rigid and unapproachable. Nucleus, on the other hand, offered flexibility, understanding, and speed—all the qualities we needed in a funding partner.
What advice would you give to other SMEs seeking funding?
CYD INNOVATION LTD: Don’t let traditional lending barriers discourage you. There are lenders like Nucleus who understand the unique challenges of startups and SMEs. They provide solutions tailored to your business needs and, more importantly, deliver results quickly.
Why is Nucleus the right partner for SMEs?
CYD INNOVATION LTD: “Great service, speedy decisions, and accessibility when you needed it. Nucleus helped us achieve our growth goals with professionalism and efficiency.”
Nucleus doesn’t just provide funding—it provides solutions. Their speedy decisions and accessible team helped us focus on what matters—growing our business. You can count on Nucleus if you’re an established business looking to scale, just like us.
Ready to unlock your business’s potential?
Contact Nucleus today and take the first step toward your growth journey. Apply for a loan now.
CYD Innovation supports leaders in achieving goals through innovation that drives job creation and reduces environmental impact. Specialising in assisting Welsh Social Housing Providers and Local Authorities, Cyd Innovation focuses on accelerating the delivery of low-carbon, warm, and healthy homes. With over 30 years of expertise, the team provides strategies, funding access, and collaboration to advance energy-efficient housing solutions.
Get in touch to find out how we can work together