Case History 2. Speed Couriers.
14th March 1996, Page 64
14th March 1996
Page 64
Page 64, 14th March 1996
— Case History 2. Speed Couriers.
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During 1995, this Leicester haulier scored a remarkable 20% growth rate from both new and existing business. They now boast a turnover of &5 million, 23 outlets nationwide and a staff of around 250 couriers, But when Martin Rutty and Tim Gilbert started Speed in 1981 they were simply a home-based delivery service and did all the admin themselves. A vital component of their success has been flexible finance provided by International Factors, It allowed Martin and Tim to concentrate on building the business, confident that the funding they needed to do it would come through their sales. Long worrying days waiting for payment are long gone, since International Factors pays up to 80% of the invoices inside 48 hours.