Private equity investor Sandton Capital Partners and Sheffield-based credit management specialist Credit Style have announced that they have joined forces to support UK businesses facing financing and credit management challenges.
The partnership has been launched following over nine months of research and development and is designed to support businesses facing challenges created by the pandemic by offering a service a credit management platform alongside the purchase of debt by Sandton.
Commenting on the partnership Matt Meehan, UK Head at Sandton said “COVID-19 has created an unchartered landscape for both current and future business scenarios. Many companies from multinational corporations through to owner-managed enterprises are being affected and many will face issues surrounding their working capital and credit management strategies but may not have the time or resources at their disposal.”
“Businesses do not fail because of lack of profitability – they fail because they run out of cash. It is critical for businesses to manage short-term funding requirements, for example reviewing the sale of non-core assets to generate cash, credit management, cashflow forecast and seeking additional equity investment. Our team at Sandton have a proven track record of moving quickly to provide working capital solutions and navigating complex situations with successful outcomes and we are delighted to work with Credit Style.”
Steve Bramley, Director at Credit Style said “Credit Style has an established team of 150 people using market leading software that can help administer non-paying customers and prevent future delinquency. Getting your credit management strategy right reinforces a company’s financial and liquidity position, making it a critical component in any business.”
“We understand how stressful this can be in normal circumstances and the pandemic has heightened these levels. By working with Sandton, we can support companies with both financing and credit management issues, delivering an end to end solution which is brand protective.”