A UK-based trading company specializing in medical scrubs and everyday activewear received $1.2 million in credit facilities from Tradewind Finance. The facility will provide the company with the ability to improve its cash flow and add to its growth plans.
The company is headquartered in London, where it oversees steps in the creation of clothing and makes its products ready for retail. This includes designing the goods, arranging production and ensuring that they are shipped to customers. As soon as the clothing items are finished, they are exported to the company’s buyer portfolio, which consists of buyers from the United States, Canada, Europe and other parts of the United Kingdom.
In the role of acting as a centralized and integrated supply chain for its customers, the apparel trader found itself juggling the capital requirements of all the parties it kept in contact with while also considering its own cash flow. As trade volumes have increased significantly in recent years, the company could need additional working capital in order to support continued growth.
Tradewind’s role as the UK company’s lender enabled it to expedite the cash flow required for the apparel business by way of non-recourse export finance. As a result, the apparel business was able to pay suppliers on time and extend payment terms for buyers by three months.
“Tradewind is excited that our customized cash flow solutions have given our client the flexibility to improve their business relationships with buyers and suppliers,” Soheil Zali, regional commercial director at Tradewind Middle East Limited, said. “After surviving a difficult period amidst the impact of the pandemic, the client is poised to multiply its sales even further.”
