Industry: Food and drink
Product: IDeal with bad debt protection and RLS top up.
Facility size: £700,000
Trading since 2016, this business specialises in the manufacture and distribution of non-alcoholic beverages. All the drinks they produce are naturally sourced, organic and Fairtrade, and are distributed across the UK via high street outlets and supermarkets.
Due to the coronavirus pandemic the company had to downsize its operations as the hospitality sector contracted. However, as lockdowns eased and markets recovered, the business continued to pursue their growth plans across the UK and now has ambition to scale significantly, including exporting their products across Europe.
To support their goals, they sought a financial solution that would provide them with the working capital they needed. We recommended an invoice discounting facility which provides instant access to cash tied up in their outstanding invoices, together with an RLS top up.
This new facility will enable the business to focus on growing their brand, launch new products and to further stablish themselves in the UK organic drinks market over the coming years.