Where it all began

Syncom Utilities UK specialises in providing expert recruitment services to the construction industry, whether it is short-term or long-term form of work. 

‘At Syncom Utilities UK we work with our client to understand their required specification for each project, which helps us to source the suitable candidate every time’, says Pravin Gohil, senior manager of this business. ‘We provide commercial Electrical, Tiling, Painting, Plumbing, Demolition and Cleaning services for retail centres, hospitals, nursing homes, offices, schools, residential towers and more’. 

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What were the challenges?

‘We were looking for funding to grow. Current facility was not good enough due to high concentration with one customer. We were looking around to find another funder and found JD Capital Finance. We started with the contacts we already had in place, and subsequently we were put in contact with JD Capital Finance’, says Pravin Gohil.
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The solution 

Syncom Utilities UK were impressed by JD Capital Finance’s ability in finding an investor quickly and efficiently, who would match their requirements. 

‘The process was simple to start with and resulted in an initial offer within a week. An offer with some flexibility played a major part in our decision making’. 

JD Capital finance assisted with an interfactor where Syncom Utilities had outgrown their current facility and was struggling to find an insurance limit on their main debtor. Syncom Utilities UK had already reached out to their main bank and a number of other lenders where the insurance limit still couldn’t be reached. 

With JD Capital Finances knowledge and relationships within the industry, they were quick to find a lender who was able to supply the funding line that was needed for the client and a strong limit on their customer.

Due to these relationships, and all parties being on top of things, the process was able to be completed in a matter of weeks, with JD Capital Finance working with both new lender, old lender and client directly, to make the process as smooth and as quick as possible. Syncom Utilities UK are now able to continue their growth within the industry without any hold up on their main debtor.

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What impact has the business funding had on Syncom Utilities UK? 

An offer that was flexible to their business was crucial in collaborating with JD Capital Finance. 

‘JD Capital Finance’s understanding of our business is what helped us get there; then it was the funding’, says Pravin Gohil.

The funding helped Syncom Utilities UK grow in the recruitment industry and expand their services in the construction industry. It was a combination of good service and proactiveness from JD Capital Finance and Syncom Utilities UK’s passion to become the best they can be in recruitment.