Back in October 2011, a Manchester based computer systems producer invested £30,000 to bring part of its company back from China to be based in the UK.
Tranquil produces PC systems and with the help of one of the UK’s leading banks, managed to use Asset based finance to gain capital based in it’s own invoices.
The funding has allowed Tranquil to purchase and install new machinery which manufactures aluminium casings, which had been previously shipped from China.
This new injection of cash into the company through Asset finance has allowed Tranquil to be completely self sufficient and more economic. They are well known for their silent running and energy efficient machines.
Tranquil managing director, David Thompson, said: “This investment makes sound commercial sense. It enhances our manufacturing capabilities and gives us complete control over the production process. It is also very satisfying to be able to bring a manufacturing enterprise back to the UK.” Thomas Brown, a senior relationship manager at the factoring lender partnered with one of the UK’s leading banks to provide this financial solution. Mr Brown commented: “Tranquil has a good track record of investing to improve its operations. We are very pleased to provide the financial support needed to support their latest plans.”
In its eight year of trading Tranquil PC is doing very well. It’s portfolio of clients include T-Mobile and the BBC. It manufactures energy-efficient and silent PCs that operate on approximately one quarter of the power of a standard computer and which are praised for their small dimensions and excellent build quality. If the growing trend for Eco friendly products and energy efficient solutions is right, Tranquil will see a growth in sales, and thanks to asset based finance, they are well on their way to great things. Asset Based funding is a great way to gain finance and allow companies to grow.