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Client success story

IES Electrical Suppliers (South Africa)

 

 

IES began trading in 2000, providing off-the-shelf solutions in partnership with electrical consulting engineers. After a few years it became clear that the contracting business was booming and expansion was the logical route to follow. However, the business experienced problems accessing the funding required for growth.

 
   
 

Finance was provided for the refurbishment of new premises, the purchasing of equipment and vehicles as well as working capital to finance the growth.

 
   
  The GroFin team assisted the business with all aspects of structuring the business, including the critical financial analysis that was needed before their finance was approved.  
   
 

Since receiving assistance from GroFin, IES has expanded its business and outgrown its existing premises. The IES fleet currently comprises six vehicles and the company has extended its service delivery to most parts of Gauteng, Mpumalanga and North West provinces in South Africa.

 

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