MCJ Fabrications Ltd, is a leading supplier of Architectural Fabrication Services, designing and manufacturing bespoke items, such as steel staircases for projects as part of the construction supply chain. MCJ was put in a financial predicament when two of its clients went bankrupt.
Mick Fortune, a director at MCJ, initially approached their bank when the business suddenly went in to administration, but soon realised he could not rely on their support. He felt that the bank had no real interest in them and didn’t take the time to understand the needs of the business. This was further reflected in the solution they offered which was completely the wrong fit and would not help them long term. MCJ Fabrications then approached two or three invoice finance lenders to see what other options were available. Nucleus offered the best solution and moved quickly to secure the necessary funding line for the business to help them get back on their feet.
The Nucleus team understood the urgency of the situation and approached differently to the banks; the case was analysed on its individual merit and a decision was reached swiftly.
Nucleus were able to deliver what the business needed and help them to get back on track, and grow. MCJ have been able to employ more people, take on more work and increase their turnover and profit. The business is profitable once again and this is crucial to the company.
If you want to find out how Nucleus can help a business like yours overcome challenging financial periods, get in touch.
“The invoice finance services Nucleus gave us were competitive, flexible and transparent. Most importantly though, it allowed us to move fast and stay in business."