Financing expansion

Our realistic approach to funding sets P&D Specialist Services back on the road to growth

Electrical and civil engineering contractor, P&D Specialist Services, focuses its expertise on the highways, rail, tunnel, and power distribution sectors. When going through a crucial growth phase, the company experienced problems with its existing invoice finance provider, who were restricting the funds they were prepared to lend.

Reward’s Asset Based Solutions are much more flexible, taking an overall view of a company’s assets. So when P&D contacted us, we were very happy to extend its credit limits, doubling its available working capital.

Managing Director Pat Musgrave commented, “In the three years we’ve been with Reward, we’ve trebled turnover to £9 million, increased staff from 30 to 59, and increased profitability 10 fold. There’s no question at all that without Reward’s support, we would not be where we are now.”