NextGear Capital at Windisor Classics
Cash flow help and so much more
Chertsey based Windisor Classics was an early adopter of the distinctive NextGear Capital approach to stock funding and of a year later the business remains delighted decision.
A family run business established for over 30 years, Windisor Classics specialise in the sale and service of used cars. The team led by Lloyd Williams offers a range of used cars and an in-house service and MOT centre. Like many small businesses, cash flow is vital; wages and bills have to be paid and having too much money tied up in stock can be a challenge.
Windisor Classics has established a great local reputation. As a result, there is always a steady stream of local interest in its range of well-prepared used cars. The problem is the all too well recognised one of that gap between selling the car and the cash actually coming in. Just two cars awaiting delivery can mean two less cars on the forecourt as the team awaits delivery and payment. NextGear Capital’s unique approach to funding now bridge that gaps and has enabled Lloyd to double his without stretching his finances as he notes;
“For me, the way the NextGear Capital funding line works I have the extra stock I need without risking having all of my money tied up come pay day! I’m not waiting for my money so my team gets paid and I have extra stock to sell, which is happening. We are growing the business.”
As well as the cash flow help, Lloyds also likes the way in which he can buy and source stock using his smartphone. “I can buy stock from private sellers and self-load it; source and pay for stock from auctions on my mobile and at auction, it is easy and fast. All in all working with NextGear Capital was an easy decision and they have proved to be easy to work with.”
Visit Windisor Classics's webiste: http://www.windisor.co.uk