Supporting the SME Supply Chain
The Engineering Company The business Our client is part of a UK business group based in the West Midlands that builds specialist measuring equipment for the global vehicle industry. It sources components from local small-to-medium sized suppliers. The challenge With turnover increasing rapidly, our client found that its core supplier group was struggling with the cashflow and working capital challenges of increasing their volumes to meet demand. The suppliersâ€™ circumstances meant that traditional methods of bank funding were not available to meet the shortfall.
The TradeRiver solution Our client registered as a Buyer with TradeRiver and at the same time introduced its suppliers to the programme, who enrolled as Sellers. Because TradeRiver releases payment for each transaction as soon as the Buyer accepts the obligation to pay, our client can provide its Sellers with the working capital required to meet increasing demand. TradeRiver is a non-bank solution and operates outside of existing financing arrangements such as invoice discounting/factoring, meaning suppliers now have a new and additional source of working capital without having to pledge any security to support it, while our client has been able to stabilise and control its vital supply chain.
To learn more about how TradeRiver can help your business, as either a Buyer or Seller, please contact us on +44 (0)20 7788 7690 or visit traderiverfinance.com TradeRiver Finance 22 The Quadrant Richmond Surrey TW9 1BP
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TradeRiver is a non-bank, online funding solution which finances trade â€“ both cross-border and in the UK. Established in 2009, TradeRiver is attracting a fast-growing community of forward-thinking businesses looking for an alternative to traditional trade finance.