Sports Retail- Factoring

A sports retail business who imported niche, in-demand goods generated an impressive profit in the first 6 months trading. After interest from some of the leading high street retailers, a more flexible and long term alternative to an overdraft facility was required. A large, confirmed order came in from one such retailer but the business was unable to fund the purchase of stocks to fulfil the order. A facility was provided which released money tied up in confirmed orders, allowing an up-front payment for the stock required. In addition, 80% of the value of outstanding invoices was released, providing an immediate and on-going supply of finance.