After a record month in July, August and September have been slightly less frantic in terms of onboarding new clients, however we’ve still provided over £1.3m of stock funding to new clients across a range of sectors.
One of the most interesting aspects of stock finance is that we never know what deals are going to come through the door each day. Our network of business introducers operates across all sectors and the clients that they introduce to us deal with suppliers from all over the world. For a relatively small team headquartered in the North of England this means we are perhaps unusually exposed to the intricacies of global trade to a level that many large Banks probably aren’t. There are no territories or sectors that we rule out (unlike Banks!) and the core of our proposition is providing funding and technology that allows our clients to punch above their weight in terms of trading. As our technology continues to advance it is getting easier for us, our clients and our introducers to engage with each other, which saves everyone time and money.
We’re committed to remaining the UK’s most flexible stock finance provider and we continue to invest heavily in our systems. This brings benefits to our clients across all sectors.