Daily News: September 25, 2017

DS-Concept Provides Trade Facility for Icelandic Seafood Processor

DS-Concept, a global commercial finance company that specializes in international non-recourse factoring, provided a $1.5 million export factoring facility to a seafood exporter and processor.

The facility is structured in two currencies to service its markets in the UK and France. With this new facility in place, the client will benefit from accelerated cash flow and will be able to increase the amount of product processed at its factory for large scale orders and increase sales.

“The client is a well-managed company known for the quality of its products. Their products are sought after in the UK where they are available in major retail chains. They will be an excellent addition to the DS-Concept portfolio and through the partnership with DS, they will be able to increase their turnover and strengthen the basis of the company,” said Sveinn Reynisson, country manager of DS-Concept, Iceland.

The client uses state of the art high tech machinery for fast processing and works with selective fishing vessels that provide the best quality fish. To ensure the delivery of freshness and fast delivery to large wholesalers who service retail chains, the company works closely with Icelandair Cargo and Bluebird Airways to transport its products via air freight.

DS-Concept is an international trade finance group headquartered in Germany with 16 global offices.