A renowned manufacturer in the UK, was known for its high-quality components used in various industries. However, their production cycle was often hampered by cash flow issues. The delay in receiving VAT refunds was affecting their ability to purchase raw materials and maintain optimal inventory levels.
When the company’s Finance Manager, Angela, learned about Adsum and their Instant VAT Refunds service, she saw a potential solution. The idea of receiving VAT refunds in just 60 minutes seemed like a promising approach to their cash flow challenge, so she decided to implement it.
Adsum’s Instant VAT refund service had a substantial effect on their production cycle. They could now purchase raw materials more quickly, reducing production delays and maintaining optimal inventory levels.
The benefits of early VAT refunds extended beyond production. With improved cash flow, they we’re able to invest in new machinery and technology, enhancing their production capabilities. They could also meet their financial commitments more readily, improving relationships with suppliers and partners.
The early VAT refunds provided a financial buffer, allowing the company to take on larger orders without worrying about cash flow issues.
Angela summed up the impact of Adsum’s service on their business, “Adsum’s Instant VAT Refunds service has been a catalyst for our growth. It’s not just about the money – it’s about the speed. We can now maintain optimal production levels and invest in new technology faster. This has been instrumental in our success in the manufacturing sector.”
