The only way to survive with rapid growth is to factor your invoices.
I have had all of this over the last seven years, very big highs but equally very deep lows.
There is nothing worse than getting to a day when you need to make payments and there is nothing in the pot. Through personal circumstances we always scraped through but this causes friction in your personal life.
In the process of setting up factoring at the moment, they have had all of my books, bank account statements, etc etc.
I have secured factoring at 2.75%, they do all the chasing of monies owed, I get 80% straight away, with the other 17.5% paid when the invoice gets paid. You would be surprised how many companies have a need for factoring. I have waited 120 days to be paid, all the time paying out.
People will say why give someone 2.75% of your money, it isn't your money that is paying the percentage if you add it onto the price before you start.
If you are looking down the route of taking the works on then email me and I will pass you on some details.
Rob