UCT Ltd: Working capital boost for utility firm


UCT Ltd.

UCT have been trading since January 2008 and since then they have continued to increase the number of blue chip clients and SME businesses that they supply to. They deliver skills and apprenticeship training to the utility sector which is gas, electrical and water distribution.

John Killen, UCT Ltd Managing Director says of Lloyds TSB Commercial Finance -

‘We chose to go with Lloyds TSB because they offered the best overall financial support package, which comprised of the right CID (Confidential Invoice Discounting) facility, ensuring we have sufficient working capital to fund the short term needs of the business and to fund the future forecast and growth of the business.’

‘In terms of managing our CID facility, we have contact on a daily basis. We can also access our account online, which is essential in the current economic climate, to make sure that the cash needs in the business are being met and that the cash forecasting within the business is maintained to be as accurate as possible.’

‘Our relationship with Lloyds TSB I think is a successful one. I believe it confirms our original valuation that Lloyds TSB were the right bank to choose, and I certainly hope that Lloyds TSB would echo that and we were the right business for Lloyds TSB to support at the outset.'

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