Our customer’s core business is the manufacture, decoration and assembly of plastic parts that are found in car interiors, trucks, boats, white goods, telephones, electronics and other appliances.
Background and issue
Our customer required an effective cash flow facility to aid their recovery from the impact of the financial crisis. They also wanted to better manage their relationships with their debtors, especially their high-quality ones.
Many of our customer's debtors are well-established entities, whose heavy reliance on our customer’s unique offering supports the continued and consistent growth of our customers’ business. This made them a good candidate for debtor finance.
Our debtor finance solution enabled the business to meet their day-to-day working capital needs and ride out the period of decreased demand until the automotive industry eased into recovery.
$2 million (this limit is continually reviewed as turnover increases on the back of the automotive industry’s recovery).