18 July 2022 – eCapital, a leading invoice financier has today announced a relocation of their Northwest office to larger offices in Manchester to support a sustained period of impressive growth. The company having remained committed to delivering funding solutions to businesses throughout what has been a challenging few years has seen an 52% uplift in the amount of finance provided to UK SME’s in the last year alone. An impressive growth statistic in a market where funding levels to SMEs are returning to normal levels having experienced a 35% increase over the last 12 months.
The company puts its continuing growth down to their real commercial perspective, access to large funding pools and a commitment to delivering a market leading service which they believe make them an ideal funding partner. With funding facilities available up to £2.5m eCapital are looking forward to supporting the growth strategies of UK firms seeking flexible and competitive finance for their businesses.
The new offices are designed to support the company’s continued growth and expansion and provide a better working environment for current and future staff. It forms part of their exciting growth strategy following their majority acquisition in December 2020 by eCapital Corp, a leading North American provider of alternative lending solutions to businesses.
The acquisition by eCapital Corp has brought additional strength to the business which is committed to supporting UK businesses looking to access fast, flexible, and easy funding solutions. Their future plans continue to focus on investment in innovation – both product and technology – whilst ensuring their geographical presence is strengthened to ensure that they continue to exceed the evolving expectations of their clients and intermediaries. Over the last 12 months the business has also changed its name to eCapital aligning it closer to its parent.
As Darren Cottenden, director of eCapital, explains: “We are delighted with our new home in Manchester, and it provides a great base from which to continue our growth over the next few years. As more UK SME’s return to using invoice finance, the benefits that a flexible supply of funding can make to realising their growth plans is clear to see. With £19 billion being injected into the SME population it is a primary source of funding for business. The demand that we are seeing is encouraging and has necessitated our move to larger offices to cater for our growing team. The Northwest is a vibrant economy, and we are committed to supporting businesses within the region”.
The company which specializes in the provision of fast, flexible, and easy invoice finance solutions to SMEs across a wide range of industries, including recruitment, manufacturing and distribution, attribute their continuing success to their credible and growing reputation amongst financial intermediaries and businesses.
With strengthened support, robust funding lines and a marked investment in the business they are excited about what the next few years will bring as they continue to deliver on their plan to become the leading independent invoice finance provider of choice in the UK.
As Darren concludes: “As we move forward, we are excited about what the future will bring. We remain committed to responding to our clients’ evolving needs, whilst continuing to offer innovative solutions. Investing in our team is paramount to ensure we deliver a market leading service based on speed, a straightforward approach to doing business and delivering value for money. In doing so we will achieve our aim to build a great company with great people focussed on serving as many SME’s as we can reach. Our plans are exciting, and we can’t wait to bring them to life”
Media contacts:
For eCapital Commercial Finance enquiries, please contact:
Ian Ward on [email protected] / 07789 392 438 or
Diane Blinkhorn on [email protected] / 07753 671 302
Notes to Editors
About eCapital Commercial Finance
eCapital Commercial Finance (eCapital) is a leading invoice financier providing funding facilities up to £2.5m to support the growth of SME’s through the provision of flexible working capital facilities. The business has grown significantly since its launch in 2001, providing over £2 billion of funding to businesses. It is majority owned by eCapital, a US based financial services business with interests in the USA and Canada.
For more information, visit www.ecapital.co.uk You can also follow us on Twitter: https://twitter.com/eCapital and LinkedIn: https://www.linkedin.com/company/ecapital-commercial-finance-ltd/
eCapital Corp
eCapital Corp. is committed to supporting small and middle-market companies in the United States, Canada, and the UK by accelerating their access to capital through financial solutions like invoice factoring, factoring lines of credit, asset-based lending and equipment refinancing. Headquartered in Miami, Florida, eCapital is an innovative leader in providing flexible, customized cash flow to businesses. For more information about eCapital, visit eCapital.com.
