2022 Roundup - Partners for Business Growth
News - 05 January 2022
At ABN AMRO Commercial Finance we’re proud of our commitment to supporting mid-market growth across the UK. As we look ahead in 2023, let’s also look back to some examples of how we’ve partnered with our mid-market clients throughout 2022, in the food, wholesale and manufacturing industries, to provide them with flexible Asset Based Funding solutions.
Prime Cut Butchers Ltd
The challenge
This wholesale supplier of meat products has rapidly grown over the years from a small butcher shop to a wholesale outlet distributing top quality meat across Europe. They required a lender who understood their business model and supports growth in the UK & Export markets.
The funding solution
We worked closely with Prime Cut Butchers to provide a tailored £1m Confidential Invoice Discounting solution that met their requirement to fund export debtors based across Europe. This released valuable funding which allows for further expansion into new markets.
Wholesaler
The challenge
This young business, supplying consumable products for student accommodation, required a funding partner that would help them deliver on growth opportunities and support ongoing working capital requirements to meet the seasonal demand of their operations.
The funding solution
A £1m Confidential Invoice Discounting solution provided improved working capital to accelerate sales, enhance efficiencies and expand geographically.
Anker Stuy Coatings UK Ltd
The challenge
Anker Stuy is a manufacturer of paints, wood stains and coatings for the joinery sector. Anker Stuy have been a long-standing client of ABN AMRO and were introduced to the Commercial Finance team to help support their working capital requirements in the UK.
The funding solution
The provision of a Confidential Invoice Discounting facility provided Anker Stuy with the funding to support their growth ambitions.
Manufacturing
The challenge
This client is an international supplier of quality sinks, taps and other kitchen accessories. They were presented with an opportunity to acquire an existing ABN AMRO client however in order to facilitate this, additional funding was needed.
The funding solution
Re-negotiated terms were agreed on an improved £3.5m Group Invoice Discounting facility which ensured the acquisition could be completed with confidence.
Simon Macleod Head of Sales Mid-Market,
"2022 has seen rising tax burdens as well as challenges from high interest rates and energy costs. As we look towards 2023, with the economy set for slow down, businesses will no doubt be faced with a number of funding challenges. Our solutions are specially designed to provide support at every stage of the business lifecycle and we’re looking forward to supporting business growth in 2023 and beyond."
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