Metro Bank provides £15m invoice finance facility to Liquid Friday

Metro Bank has announced that it has agreed a £15 million invoice finance facility with Liquid Friday, a Portsmouth-based workforce solutions company that specialises in umbrella and outsourced payroll services.

The funding package will enable Liquid Friday to accelerate its expansion plans and pursue new business opportunities. Metro Bank’s dedicated invoice finance team collaborated closely with Liquid Friday to develop a facility tailored to the company’s ambitions.

Liquid Friday, which supports over 5,000 contractors across more than 400 recruitment agencies, has grown into one of the UK’s leading providers of contracting services.

Mark Nelson, Business Development Director, Invoice Finance at Metro Bank, said: “Metro Bank is dedicated to relationship banking and providing personalised support for our customers.

“Our expert invoice finance team understands this industry well and we’re delighted to have agreed this deal to support Liquid Friday’s continued growth over the coming years.”

Colin Gunnell, Chief Executive Officer at Liquid Friday, expressed his enthusiasm for the new partnership:

“From the outset, the team at Metro Bank really took the time to understand our business, our values and our ambitions. It’s so refreshing to work with a funding partner that is as forward-thinking and progressive as we are. This new partnership lays a solid foundation for the continued innovation and expansion we have in the pipeline, and we’re excited for what the future holds.”

Metro Bank was introduced to Liquid Friday by Redwood Business Finance.

James Bingham, Director at Redwood Business Finance, added: “Liquid Friday was looking for additional funding headroom to support rapid growth and we knew that Metro Bank would be the best partner. Metro Bank’s lending capabilities and understanding of the sector made them the perfect fit. The team demonstrated excellent commercial understanding of the business and delivered a flexible solution that will support Liquid Friday’s continued growth and service delivery to their clients.”