We have a client who is a re-seller in the plumbing sector.
For years they have bought goods from UK manufacturers but they have the option to buy the same goods from China for a far better price.
Currently their suppliers give them credit terms but buying in bulk from China, they would have to pay with the order.
The company already uses invoice finance and they simply do not have enough cashflow to do this. We introduced them to trade finance.
The trade finance company advances them the money to pay for the goods and then when the goods are sold to their business clients, the trade finance company also provide the invoice finance until the invoice is settled.
A complete solution from buying the goods to have their customers invoice settled in full.
