£2m turnover garden products importer
Wed, 17 Oct 2007
The company had been hit by the poor weather over the summer with sales running at under 25% of budget and a build up of stock at the docks which the company could not afford to pay for and which was starting to incurr high demurrage charges.
We arranged a further advance against a property to provide sufficient cash to clear the stock through customs and provide funding to cover wages over the winter and introduced a trade finance house which was able to arrange a gurantee of payment to secure the Far East suppliers.
