A NEW SHORT TERM financing service that allows companies to borrow against their salary bill is to be promoted by Bell Pottinger Business & Brand.
South Wales-based, Wageroller, owned by Quest4Finance, one of the region’s fastest growing companies, has agreed an initial twelve month six figure contract that is made up of a fixed fee and commissions from sales.
The new service, known as wagerolling*, allows businesses of all sizes to release working capital quickly by paying wagebills and PAYE commitments for up to two months.
Bell Pottinger Business Brand & Brand will combine a medley of traditional and new media techniques to drive enquiries to Wageroller’s website.
Interest in the service has already been generated from leading football clubs, high profile public schools and companies from across the marketing and communications industry.
Paul Breen, Wageroller Chief Executive and founder, said: “Quick and easy access to short term finance – especially for those within the communication industry - has been a struggle for some time.
“With wageroller PR consultancies and marketing agencies will be well placed to access short term finance to help cover the cost of pitching for major new accounts and the hiring of new teams.”
Kevin Read, Bell Pottinger Business & Brand Managing Director, said: “Wageroller is one of those unique and rare opportunities to bring to market a new concept.
“Our task is to introduce a new service that will genuinely assist businesses – including those within the PR world - determined to achieve growth without having to resort to highly expensive and difficult to access short term finance.”
ENDS
For further information, contact Kevin Read on
020 7861 2506 / 07771 885902 or email: kread@bell-pottinger.co.uk
Notes:
* The service, which requires no personal guarantees, operates as an ongoing credit facility for customers, allowing them to smooth out cashflow or fund growth, as necessary.
