How Gripsure Used multifi Credit to Grow Their Business

At multifi, we’re proud to support the growth and success of small and medium-sized businesses across the UK. One such success story comes from Gripsure, Europe’s largest manufacturer of non-slip timber decking. Their journey with multifi showcases the power of flexible financing solutions and how they can drive business growth and innovation.

The Beginning of Gripsure’s Journey

Gripsure’s story began with a simple idea: to create a safer, non-slip decking solution for steps, ramps, and outdoor areas. Mike Nicholson, CEO and founder of Gripsure, saw a gap in the market for timber decking that wouldn’t become slippery under normal weather conditions. By applying a non-slip combination of resin and aggregate to traditional timber decking boards, Gripsure was born.

Challenges and Resilience

Like many businesses, Gripsure faced significant challenges. The year 2023 was particularly difficult for decking sales across the UK. Despite this, Gripsure managed to maintain strong sales and even planned to expand its product range across a more comprehensive branch network. However, this required extra working capital, as the size of the orders was substantial.

Finding a Financial Partner

To manage this demand, Gripsure needed a flexible and reliable financial partner. They found this in multifi. With multifi’s support, Gripsure secured the necessary working capital to fulfil large orders and continue its growth trajectory. The multifi financing solution offered the flexibility Gripsure needed without the burden of a traditional bank overdraft.

The Impact of multifi Financing

The process of securing financing through multifi was seamless. Gripsure’s financial director highlighted how straightforward and quick the application process was. With multifi, they had access to funds within 72 hours, enabling them to make payments directly to suppliers and manage their cash flow effectively.

This financial support gave Gripsure peace of mind and the ability to take on large orders without disrupting their operations. The flexibility of the multifi credit account allowed them to dip into funds as needed and repay them on a rolling basis, ensuring they could meet their financial obligations without stress.

Future Growth and Expansion

Gripsure plans to revisit its international development plans and expand its market presence. With the continued support of multifi, they are exploring opportunities for growth in new territories, investing in plant and machinery, and enhancing their marketing and sales efforts.

Gripsure’s journey is a testament to the importance of flexible financing solutions for growing businesses. With multifi’s support, they have navigated challenges, seized new opportunities, and driven their business forward.

At multifi, we aim to empower businesses with the financial tools they need to succeed. Gripsure’s success story is just one example of how our flexible financing solutions can make a significant difference. Whether you need working capital to fulfil large orders, manage cash flow, or invest in growth opportunities, multifi supports you every step.