Rapid Cash assisted Brimstone’s cash flow and has allowed the company to purchase new equipment to help grow its business.
Brimstone Site Investigation Ltd is a national and international business that specialises in commercial bomb disposal. We provide unexploded ordnance (UXO) risk mitigation services for the defence, construction, engineering, and humanitarian sectors. We assess, survey, and investigate to clear land of explosive hazards so land users can operate safely. We are specialists in the safe removal and disposal of UXO, working alongside local police forces, the military and international partners.
Goals & Objectives
Our objective was retention of our uniquely skilled staff, without relying on the government’s furlough scheme. This proved to be a challenge. The nationwide closure of construction and development sites, and travel restrictions put in place, led to a significant downturn in revenue from new and existing projects. To stay at the bleeding edge of technological innovation we also had new equipment requirements, our capability programme includes drone development, deep learning, novel risk assessment methods, and R&D on technical surveying equipment. Our USP is the application of novel technologies to the meet the complex needs of the explosive threat management sphere.
Since switching over to Rapid Cash we have been able to focus more on supplying our strong customer base with a first-class service, without the worry of incoming revenue from recently completed projects. Rapid Cash will continue to benefit the company as we grow the business in 2021 and beyond and we are excited to see what the future brings. - Aaron Florence, Managing Director.
Support
Seamless reporting and communication between Rapid Cash and Brimstone has provided us reliable funding throughout the coronavirus pandemic, to support our growing business needs. Additionally, Rapid Cash has been instrumental to the financial management of the business, since moving forward with the application over 6 months ago.
The smooth transition to Rapid Cash could not have happened without the fastidious help from the dedicated Rapid Cash team. We have glowingly referred Rapid Cash to our own customers and suppliers after such a positive experience.
Speed
When coronavirus restrictions started to impact our service delivery, we needed access to working capital - fast. When we applied for Rapid Cash, we got approved access to funds within two days. It has been invaluable in helping us provide outstanding client services.
Rapid Cash has enabled us to better forecast our cashflow, smoothing out the bumps in the road. It has given us the ability to grow, without the financial stresses and strains. The system is simple and intuitive to use and has brought structure to our financial reporting - James Slater, Management Accountant
Flexibility
The coronavirus pandemic has brought about new challenges to all organisations, including our business and our sector. As trading resumed after the nationwide lockdown, we experienced a working capital bottleneck, and needed access to funds for cash flow and reinvestment. We are proud to say that we have organically grown our business – and are the fastest-growing UXO contractor in the UK.
See what Rapid Cash could do for you.
To be eligible for Rapid Cash you must be trading for more than 6 months, have an annual turnover of at least £100k and either be a Limited Company or Limited Liability Partnership in England and Wales. Additionally, you need to invoice other businesses and use one of the following digital accounting software: Xero, Quickbooks, Sage 50, Kashflow, FreeAgent and Netsuite.
Security and guarantee required. Product fees may apply.
