A Torquay limited company can manage seasonal working capital gaps most efficiently using Credicorp Flex, a revolving credit facility that you draw on during quieter months and repay when trading income picks up — without reapplying each cycle.
Why revolving credit suits Torquay's seasonal economy
Tourism and hospitality businesses in Torbay typically face a pronounced gap between low-season costs and high-season receipts. A standing revolving facility means funds are available from the first draw rather than waiting for a fresh application each year. As your company repays during the peak season, the limit rebuilds for the next off-peak period.
Other products for Torquay companies
- Business Loan — if you have a defined capital project — refurbishing accommodation, purchasing catering equipment, or fitting out a retail unit on Fleet Street — a fixed-term loan with a set repayment schedule may be more appropriate than a revolving line.
- Credicorp Slice — spreads a single bill (a maintenance contract, a marketing campaign) across three or four weekly payments at a flat 6% fee.
Eligibility for Devon-based companies
Your company must be a UK limited company or LLP. Sole traders and unincorporated partnerships are not eligible. There is no regional weighting; a Torquay-registered company is assessed on the same basis as one in any other UK city.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Business finance for Truro and Cornwall companies, Business loans for Yeovil companies and LLPs, How Credicorp Flex revolving credit works