Funding11’s client provided cleaning services to several customers including Chelsea Football Club, WeWork, Landmark, JLL and PingLocker Concierge.
The cleaning business employed more than 10 full-time staff on their payroll, plus it had 50 subcontractors on its panel.
The reason finance was required was to expand the business and employ more full-time staff because the PingLocker, which provides 24/7 Online Concierge services for residents in student accommodation and private rental schemes across the UK, needed more cleaning services.
Funding11’s client’s cleaners had to use private taxis to transport their equipment to complete the increased number of jobs. This was affecting profit margins. With Funding11’s help, the client was able to buy five vans and pay new staff wages.
2 years +
