Seneca Trade Partners

Seneca Trade Portal home screen displayed on a laptop screen

Introducing our new Seneca Trade Portal

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Seneca Trade Portal home screen displayed on a laptop screen

It’s finally here! After months of hard work behind the scenes, we’re delighted to be launching the new Seneca Trade Portal.

The Seneca Trade Portal puts our clients in greater control of their finances and Seneca Trade accounts, providing them with access to their account information wherever they are, whenever they want it. Clients can check their capital balance, facility limits, recent transactions and upcoming repayments directly from their mobile phone, tablet or computer.

Over the past few years, we’ve invested heavily in building our technology capabilities at Seneca Trade Partners, including developing our own bespoke IT system. This system, combined with the Seneca Trade Portal, enables us to provide a better service for our clients with faster processing times and greater account transparency, all while keeping our high level of personalised service.

Access to the Seneca Trade Portal has been rolling out to our clients over the past few weeks and so far the feedback has been overwhelmingly positive. We think our Seneca Trade Portal is an industry-first development and we want to make sure it meets the needs of our clients and businesses. We are inviting feedback from users about the platform and what features would be useful to include as we continue to develop and grow the technology.

Since we started Seneca Trade Partners six years ago, we’ve seen rapid growth. We’ve helped more than 200 clients and recently hit a fantastic milestone – £11m active funds out for the first time. As we look to continue this growth, this platform and client app will help us to propel our business and what we can offer our clients into the next phase

A cargo ship transporting goods

Seneca Trade Partners is 5 years old

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A cargo ship transporting goods

Can you believe that it’s five years since we started Seneca Trade Partners?

We can’t, but we’ve checked, and it really is.

In the past five years we have helped nearly 200 SMEs with stock finance, which in real terms means we have funded £43m of stock purchases on behalf of our clients. We’ve grown from a standing start to a revolving payment facilities book of £10m, and we’ve seen our flexible facilities work exactly as intended during the worst global pandemic in generations.

What’s more is that we feel like we are only just getting started.  We are even more excited about the next 5 years than we were when we started the business. The UK SME space remains chronically underserved when it comes to genuinely flexible stock-purchasing finance.  We had high hopes for our new-to-market product when we started, but even these aspirations have been surpassed by how our facilities performed during the worst stress test in living memory.

The quick-turn nature of our facilities helped our clients to trade out of their existing financed stock holdings before the worst of the lockdowns hit. They could then either bide their time before starting trading with their facility again whenever they chose to (we never charge non-utilisation fees), or they could instead pivot instantly to a new sector (PPE being the obvious one) and commence trading in that space.

The purchasing power provided by our 100% LTV stock finance facilities puts our clients right at the front of the queue when it comes to obtaining scarce stock from suppliers. The ability to pay in full prior to shipment often means our clients are first in line for stock when it comes to suppliers prioritising production.

The confidence that we obtained from not just surviving but growing through this period has given us an added push to get on with some major projects within our business. Projects that when completed will see us take a step change in size.  We are investing heavily in our core IT systems with the goal of being able to put the real-time trading and accounting information that we see, in the hands of all our clients, and we are recruiting new team members around the country to give our introducers the option of dealing with a more local touch point.

The last five years have been great, we hope and expect that the next 5 will be even greater.  We can’t wait.

Smiling man shaking hands with a woman in a business meeting while another woman looks on and smiles

Working for Seneca Trade Partners

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Smiling man shaking hands with a woman in a business meeting while another woman looks on and smiles

Are you interested in working for Seneca Trade Partners?

We are looking for an Administrative Assistant to assist with the day-to-day running of our business.

Who are Seneca Trade Partners?

We are a Manchester-based business operating throughout the UK, providing stock finance to UK SME’s.

This is an exciting opportunity for anyone looking to join an established lender in a flexible role that requires a high degree of self-motivation and attention to detail.

What is the role?

Administrative Assistant responsibilities include:

  • Involvement in daily client operations, including processing payments, invoicing and credit control
  • Maintain client records,  on a daily basis
  • Data inputting into Excel spreadsheets, cash allocations and monthly balance reconciliation
  • Checking of legal security and facility renewal documents

What are the benefits?

  • Minimum salary £20k per annum
  • Stakeholder pension
  • 25 days holiday per year plus Bank Holidays
  • Discretionary yearly bonus (based upon company performance)
  • Flexible or initial part-time working hours will be considered, including working from home

If you are interested in applying, please contact us on 03330 156 604 or email: admin@senecatradepartners.com

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