Situation

An innovative company, who are UK pioneers of outdoor fitness equipment – design, installation, and maintenance, had self-funded their growth. However, strong sales from predominantly overseas clients (including Mauritius, Singapore, Oman, and France) necessitated working capital support.

Challenge

The company’s strong order book, allied to sales terms of up to 60 days, meant that cash flow was coming under pressure. The company needed support that could allow the growth to be managed in a sustainable manner.

How we helped

Newable provided an Export Finance facility of £100k to help the company manage the increased export order book. This ensured that stock levels were maintained to allow orders to be fulfilled within the customers’ tight timescales.

Results

Our facility enabled the client to trade successfully in new markets and continue to fulfill its planned growth. This support is a testament to our commitment to helping businesses thrive in the face of new challenges.

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