Our client, a successful clothing wholesaler, was facing cash flow problems and as such we needed to come up with a suitable form of cash flow finance. Customers were taking a long time to pay and as importers they needed to pay their overseas manufacturers.
Our client’s concerns went beyond slow payment as failures in the ‘high street’ would result in bad debts. He wanted to protect the business from this threat.
By using a combination of credit insurance and confidential invoice discounting we were able to structure a facility that not only met the cash flow needs of the business but also afforded them peace of mind by protecting them from bad debts.
With a suitable form of cash flow finance in place our client was able to grow the business in difficult times.
It is important to remember that the same facility from different lenders can be a very different proposition.