Background

A well-established business with over 30 years of experience in manufacturing steel ranges and griddles for the catering industry had built strong trading relationships with renowned brands such as Whitbread, Nandos, and Greene King. Recently, the company experienced significant growth in export sales, particularly to Australia, making these sales an increasingly larger part of their overall revenues.

Challenge

Despite being supported by an existing invoice finance provider, the company faced potential cash flow strains due to the growing volume of export sales. They needed additional financial support to manage these challenges effectively.

Solution

Newable Commerce stepped in to assist. We liaised with the introducer of the application to thoroughly understand the company’s potential issues. Recognising that the flexibility of our UKEF-backed Export Finance facility could provide the necessary financial headroom, we proposed a tailored solution.

Implementation

We secured a £300k Export Finance facility for the business. This facility allowed the company to draw tranches of funds as needed, ensuring they could manage their cash flow effectively during challenging periods. The flexibility of this facility was crucial in helping the business navigate the financial demands of their expanding export operations.

Outcome

With the £300k Export Finance facility in place, the manufacturer successfully managed their cash flow, supporting their continued growth in export sales. This financial support enabled them to maintain and strengthen their trading relationships with key clients and continue their expansion into new markets.