Specialist blinds supplier able to take on new business
A specialist supplier and fitter of window blinds and curtains based in Northern Ireland was struggling to find funding for their supplies to meet the demand of their orders. The company’s high-quality products and services had led to major construction contractors requesting their services but without the working capital needed, they were struggling to meet these demands.
UK EXIM was introduced to the blinds specialist and invited to providVisual Composere the funding required. UK EXIM provides a facility where they purchase the materials required for a job and the building contractor places their order directly with UK EXIM. The gross profit margin less the cost of the finance is passed onto the client once the contractor has paid UK EXIM.
Due to the arrangement of this facility, the blinds specialist has been able to bid for larger contracts and it is helping expand their business. UK EXIM’s support has enabled them to take on the largest order they have had in 4 years.
This is a huge benefit to the transaction, as Mark was quick to note. “It was apparent that the management of the manufacturing company had become stressed from having to generate cash flow before our involvement. With the certainty of funding each new round of orders, they can concentrate on production and sales development.”