Importer and exporter of souvenirs

A new start business, forecasting £350k, selling souvenir goods into large retail chains. With small profit margins it was important to insure the debt to protect future profitability.

A factoring facility was secured for the client with in-built credit insurance.

Flooring supplier

Supplier and installer of rubber floors for childrens' playgrounds. Projecting £150k on account terms they had been declined factoring by their bankers because they held a CIS certificate. The client was on a very tight timescale as they were due to leave the country in two working days time for an extended break.

We introduced them to the MD of a factor who met with them the day after, and completed the transaction in time for them to leave for their travels.

Engineer

£500k engineering company producing stainless steel wire and also fabrication services. 70% of the customer base were overseas. One of the German customers could reach 75% of the sales ledger. Therefore they needed a factor with a flexible approach to highly concentrated, export sales ledgers.

Two other factors had already quoted, but we were able to present a much stronger overall package which addressed their funding requirements more competitively.