A ground-breaking cashflow finance product aimed at relieving short-term financial pressures being suffered by firms in the construction sector is set to be launched by recovery and restructuring experts Leonard Curtis this month.

Supported by a number of the mainstream invoice finance providers, Oxygen has been developed by the Factoring Advisory Service, part of the Leonard Curtis Business Solutions Group, with the construction industry’s woes very much in mind.

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Paul Reeves, Business Development Director at Leonard Curtis, says there are thousands of businesses throughout the UK that, whilst trading well, have the legacy of the past three years to contend with.

He says: "Many building and construction businesses have suffered because of the difficult trading conditions they have faced in recent years. For many SMEs it has resulted in a build-up up of uncomfortable levels of debt with the HMRC, key suppliers or landlords. Many businesses are struggling finding access to funding difficult or experiencing cash management problems often due to bad debts.

“Oxygen is cashflow finance product which directly focuses on this issue. Its primary function is to provide firms with a tailored and flexible solution which will help them deal with short-term financial issues."

The Factoring Advisory Service provides free impartial advice to professional advisers through out the UK.

(GK/DW)