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Invoice Finance

Helping a family jeweller secure the right finance for growth

A family-run, high-end wholesale jeweller based in Leicester approached Evolve Business Finance to secure a new factoring facility. After trying for over 18 months to find the right solution, Evolve stepped in to provide the support the jewellery business needed to free up cash flow and expand its business.

This jeweller is a family-owned business with three employees, specialising in 22ct gold and precious gemstones. With deep roots in Asian craftsmanship, the firm’s heritage spans generations, and its reputation for excellence has been built over centuries. It prides itself on its commitment to providing high-quality, accessible jewellery.

The jeweller’s original invoice factoring provider decided to close the facility it had with the business, which left it without a key source of cash flow. Despite trying for nearly 18 months to secure a replacement, it had limited success. The firm’s accountant suggested that the owner contact the team at Evolve Business Finance in order to find a solution so he could bring in his next shipment of jewellery and therefore support future growth.

Evolve Business Finance’s team, led by Nilima Begum, understood the unique needs of the jeweller’s business and found a lender that saw the opportunity for growth. Within four weeks, Evolve had secured the new facility, allowing the jeweller to unlock the cash flow needed to continue its expansion.

 

What our client said

A“Everyone at Evolve was very approachable, and we could have an open and honest conversation about our needs. The team’s industry knowledge was spot on, and Nilima managed to get everything sorted in record time. After looking for a suitable facility for so long, this was a breath of fresh air.”

Owner, Jewellery Business in Leicester

What we thought

AThe jeweller’s accountant made sure all the relevant paperwork was in order, which made the process very straightforward. The business has a lot of promise, and we’re glad we could play a part in helping it continue to grow.

Nilima Begum, Business Development - Evolve Business Finance