Simply Plants – covering unexpected costs

5

min read

Simply Plants – covering unexpected costs

wedge coral iwoca
red wedge
grey wedge
yellow dot
grey line with green square
blue square

Hi Tim, could you start by telling us a bit about your business?

Simply Plants spruces up offices across the Midlands and South of England. We also care for the displays we supply and make sure the plants are always in top condition. Plants are like people really, they need a lot of attention.

When did it all start?

The business was started many years ago by my wife at the time, she was a horticultural journalist. She started selling plants at a Saturday market and I gave her a helping hand with the business admin. One day, somebody asked her if she could put a plant in their office and then the business really got going. I took over in 1997.

How iwoca helped Simply Plants

iwoca was able to help Simply Plants:

  • Hire a new member of staff
  • Invest in digital marketing and develop their website
  • Cover unexpected vehicle repair costs

Tim hired a new member of staff to improve the business' digital marketing, including investing in their website and SEO. On top of this, he was hit by unexpected vehicle repairs that he hadn't factored into his budget. In this time, iwoca was able to help him bridge these cash flow gaps.

“We're spending more money on digital marketing and want to develop our website," says Tim. "We've got four vehicles in the business which had to have some major repairs – being able to promptly get funds to help with the cash flow was very much needed at the time.”

“The way iwoca reacts to the needs of small businesses is great. You can plan ahead but unexpected things do happen. iwoca has been really useful for helping us bridge those cash flow gaps.”

Where did the idea to start supplying Christmas trees come from?

It actually started by accident. Someone asked us to put a Christmas tree up in their building and deck it out. From there it really began to take off and is now an integral part of our business – Christmas is our busiest time of the year by far.

How do you cope with seasonal demand?

Everyone always wants their tree within a two-week period in early December so we have to run a tight ship. We get our trees from a local supplier, Digby Farm, and make sure to plan and schedule ahead. I try to be meticulous with cash flow but it can be completely unpredictable. On top of it all, we have to maintain the regular part of the business – fitting in our plant maintenance rounds. It’s a really busy time.

{{flexi-loan="/components"}}

Words by
Dan Howarth
Article updated on:
March 30, 2020

Get started

  • Borrow up to £500,000
  • Repay early with no fees
  • From 1 day to 24 months
  • Applying won't affect your credit score
Apply now
red line and yellow circle

Other finance related topics

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

View all
Alternative business funding

Supply chain finance

Supply chain finance plays a crucial role in the success of businesses in the UK. It involves various financial techniques and solutions that help optimise the movement of goods and funds along the supply chain. By understanding the basics of supply chain finance, businesses can unlock potential opportunities and drive growth in the competitive market.

Accountants

Management buyout

A management buyout (MBO) is a well-known strategy in the business world that allows the existing management team to take control of a company by purchasing either all or a majority of the company's shares from its current owners. In the UK, management buyouts have gained significant popularity as a means of acquiring and managing businesses.

Alternative business funding

Property refurbishment loans

In today’s competitive real estate market, property refurbishment has become an increasingly popular strategy for investors looking to maximise their returns. However, undertaking a renovation project can often require a significant amount of capital upfront. This is where property refurbishment loans come in to provide the necessary funding. In this article, we will explore everything you need to know about these loans and how they can help turn your property investment dreams into a reality.

light blue wedge

Let’s get started

Applying won’t affect your credit score

Need help? Call us:

Get approved in 24 hours

Applying won’t affect your credit score

What's next?

  • Apply in 5 minutes
  • Meet your account manager
  • Get money in the bank in hours

Need help? Call us: