Swindon & Wiltshire News
Finance provider expands Reading HQ after passing £3 billion milestone
A provider of invoice finance and asset-based funding solutions to UK SMEs has surpassed £3 billion in the value of invoices funded on a 12-month rolling basis for the first time, marking a significant achievement in the business’ growth.
It coincides with the relocation of eCapital UK’s HQ and its Southern regional headquarters in Reading to new, larger premises.
eCapital is seeing increasing demand from UK Businesses seeking flexible finance solutions to support expansion, strengthen cash flow and navigate an evolving and increasingly challenging economic landscape.
Over the last three years, the specialist finance provider has increased the number of clients it supports by more than 32 per cent to over 1,500 nationwide, while offering larger and more sophisticated funding solutions.
Now with facilities available of up to £10 million, eCapital can support more SMEs and mid-market enterprises with the finance they need.
eCapital have increased their focus on supporting UK businesses, and their invoice finance and asset-based lending solutions continues to play a vital role in helping firms unlock working capital and achieve their ambitions.
Mark Finn, chief revenue officer of eCapital UK, said: “Reading is one of the UK’s leading commercial centres and continues to play an important role in our long-term growth strategy.
“This move represents a significant investment in our Southern and HQ operation and underlines our commitment to supporting businesses, introducers and advisers across the region.
“The new office provides a modern, collaborative environment for our team and creates a strong platform from which to continue delivering exceptional client service and sustainable growth.”
“Reaching more than £3 billion of invoices factored is a significant achievement for eCapital and reflects the strength of the relationships we have built with businesses and introducers across the UK.
“It also demonstrates the continued demand for flexible working capital solutions as businesses look to invest, expand and build resilience.”
Mike Harrison, regional managing director (South), added:
“This move is an exciting achievement for our Reading team and underlines the strength of our presence across the South.
“We have built strong relationships in the region by focusing on what matters most to our clients and introducers – delivering responsive support, commercial expertise and funding solutions that help businesses achieve their ambitions.
“Reading has always been an important location for us, and our new office provides a fantastic environment for our team while creating the capacity to support our future plans.”
