Manufacturing: Hertfordshire - Image

Manufacturing: Hertfordshire

Industry: Manufacturing

Turnover: £2m

No. of employees: 4

Region: Hertfordshire

Lender: Sterling Trade Finance

Overview of the Company: For nearly twenty years this small company has been designing costume jewellery and children’s accessories and supplying them to major UK retailers, including the leading supermarket chains.

Why they needed invoice finance: “We secured a major order from one of the UK’s top supermarkets but the suppliers needed to be paid before our customer paid us. We needed funds to bridge the gap and the deal was so large that it exceeded the limit on our invoice finance arrangement.” Director.

How invoice finance helped their business: “Without this invoice finance arrangement we would not have been able to fulfil this major order, which would have had serious implications for our business. The invoice finance gave us what we needed, when we needed it.” Director.

Customer comment on Touch and the lender: “Touch immediately put us in contact with Sterling Trade Finance, who were excellent people to deal with. Their service took away what could have been a major problem and allowed us to do business.” Director.


 

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