How Business Financing Fuelled Rapid Growth for a UK Importer
An exclusive importer and distributor of high-end ground care machinery in the UK, had built an extensive reseller network and an enviable customer base across the UK and Europe. They sought business finance tailored for UK importers to take operations to the next level.
Like many UK importers, the company is required to pay upfront for their stock before it is loaded onto containers and shipped to their UK warehouses. With a growing order book and a seasonal demand cycle, there was increasing pressure on working capital within the business.
However, traditional trade finance products often require payment before shipment and are therefore not viable for the company. The company needed a more straightforward business finance solution to bridge its working capital gap. multifi’s business finance designed for UK distributors offered a more innovative finance solution to address their cashflow challenges.
multifi offered the ideal solution. With its flexible facility, multifi helped pay the company’s suppliers upfront, allowing it up to 120 days to repay the funds. By then, the company had received funds from onward sales eliminating cashflow pressure.
By leveraging multifi’s credit limit, the provider experienced several benefits:
- Reduced cashflow issues: multifi’s flexible facility addressed the company working capital needs by providing the necessary funds to pay international suppliers in advance, sustaining their growing order book.
- Improved supplier relationships: With upfront payment to suppliers, the company enjoyed a more reliable and efficient supply chain, reducing delivery times and enabling them to satisfy customer demand promptly.
- Strong growth and customer satisfaction: The company’s improved supply chain financing and reduced delivery times fueled incredible growth. They can now meet their customers’ urgent requirements with shorter lead times, enhancing customer satisfaction and loyalty.
- Discounts for larger orders: With the support of multifi, the company took advantage of discounts offered by suppliers.
multifi’s business finance solution tailored for the UK importer played a crucial role in the company’s ongoing success, facilitating its growth and enabling them to provide exceptional service to its customers. By addressing its working capital needs and optimising its supply chain, the company is now well-positioned for continued expansion and industry leadership.
This case study represents just a glimpse into the transformative power of multifi’s finance solutions. We remain committed to partnering with UK businesses, enabling them to overcome cashflow challenges, seize growth opportunities, and thrive in their respective industries.
Contact us today to explore how multifi can tailor a finance solution to meet your business needs and accelerate your journey towards success.
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