Background

Newable Commerce partnered with a distributor and wholesaler of women’s fashionwear and footwear, based in Manchester. This company supplies independent retailers, both physical and online, and has seen significant growth due to its strategic engagement in overseas markets, including the USA, Canada, and the UAE. These territories offer higher profit margins compared to domestic and EU markets.

Challenge

Following multiple successful trade exhibitions, the distributor experienced a surge in customer acquisition, leading to an increase in average order sizes. This growth necessitated a larger inventory purchases, which placed considerable pressure on their working capital. The company sought additional funding to maintain its momentum and fulfil the rising demand from both domestic and international clients.

Solution

Newable Commerce stepped in to provide a tailored financial solution. Initially, we offered a £125,000 Flexible Exporter Term facility to support their immediate working capital needs. Recognising the ongoing growth and increased order volumes, we subsequently increased this facility to £300,000 mid-term. This additional funding enabled the distributor to purchase the necessary stock to meet their expanding customer base’s demands.

Outcome

The financial support and partnership with Newable Commerce allowed the distributor to fulfil larger orders, significantly enhancing their market position, which lead to the successful acquisition of a new contract with a major UK high-street clothing brand.  Furthermore, the business expanded its workforce by hiring two fixed-term employees, and plans to transition them to permanent roles as the company continues to grow.

How Newable Commerce Can Help

Newable Commerce aims to simplify international trade for the UK’s roughly 300,000 exporting SMEs.

“Simplifying international trade” is the core principle that guides everything we do at Newable Commerce. We’re not just tackling current problems; we’re completely rethinking what trade finance means. Our goal is to fundamentally change how customers think about trade finance, proving that it can be simple and efficient, setting a new benchmark for the industry.

Newable Commerce exists to simplify international trade for SMEs. We do this through a range of products and services that enable businesses to move and manage funds internationally and optimise cash flow through our working capital debt products.