Our aim is to work with
clients as a Trade Finance Partner, with a view
to assisting the completion of profitable sale
transactions that might otherwise not be possible
due to a client's limited financial resources.
We see our principal security in the purchase/sale
transaction itself rather than a client's balance
sheet strength or weakness. We will consequently
take a commercial view to the level of our finance
and will be able to provide a higher level of
finance as a specialist provider of working
capital finance compared with a factoring company
or a bank.
Our experience shows that our triangular trade
relationships actually enhance the client customer
relationship. Customers will be able to take
comfort that the goods and services purchased
from our clients are more likely to be delivered
on time and to the correct specification given
our objective involvement in their procurement
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Supply Chain Finance Services
Our experience shows that our triangular trade relationships
actually enhance the client customer relationship.
Customers will be able to take comfort that the goods
and services purchased from our clients are more likely
to be delivered on time and to the correct specification
given our objective involvement in their procurement.
Purchase Summary
Under Purchase Merchant Trading we pay your supplier
the full cost of the finished goods. As in Sales Merchant
Trading we then await payment from your customer under
your terms. After we receive payment we will pay the
balance owed to you.
 Supply chain
finance, financing the whole working capital cycle.
Finance
of finished goods only, i.e. not raw materials and
labour costs.
100% import
letter of credit to secure the purchase of goods from
overseas.
Payments
can be made for import duty, VAT and other costs of
procuring the goods for the end customer.
100% Purchase
Finance is dependant upon the transaction producing
a minimum gross margin of 20%.
We would
be more than happy to discuss how our services could
help you and you business.
The Finance Cycle
You must have a firm order from a customer on which
we can obtain credit insurance cover. We will then
arrange to issue a Letter of Credit to your supplier
on terms acceptable to all parties. If required we
can assist you with all aspects of shipment including
marine insurance, clearance of the goods through ports,
handling of shipping documents and release notes and,
if appropriate, warehousing arrangements.
Upon presentation of documents in accordance with
the terms of the Letter of Credit your supplier will
be paid in full. The goods are then delivered to the
end customer and we will raise an invoice for the
full value. At this stage and subject to satisfactory
proof of delivery we will be prepared to advance further
funds to you provided that the total amount advanced
together with monies paid out under the Letter of
Credit does not exceed 80% of the invoice value.
Case Study
A new start fashion boot/shoe importer needed import
funding and a very small level of invoice finance.
The business was expected to grow gradually during
year 1 but the pedigree of the prime mover suggested
that the ambitious volumes in year 2 could be achieved.
Initially factoring was unsuitable due the low level
of outstanding invoices and the irregular rate/flow
of invoicing expected during year 1. The shoes needed
to be imported via Letters of credit for which there
would be forward orders.
Solution
Our approved partner was brought the deal, provided
selective invoice finance initially, plus Letters
of Credit, funding 100% of purchases going forward
including VAT & Duty, against confirmed forward
orders. Within 12 months, sales had grown to where
a factor was needed to run and fund the sales ledger.
This was referred back to our factor partner who was
able to immediately boost the company's cashflow by
taking on and funding the sales ledger whilst we would
continue to fund purchases against forward orders
with repayment to be made direct to us from our Factor
partner.
The Trade Products
Import Supplier - Finance
Method 1
Funding purchase of finished goods usually by L.C.
payment to Supplier, against a confirmed order from
an approved end buyer(s); Funding the complete transaction,
from order to delivery with repayment by collection
of the sale proceeds from the end buyer(s).
Import Supplier - Finance
Method 2
Funding purchase of finished goods usually by L.C.
payment to supplier, against a confirmed order from
an approved end buyer(s). Funding the
transaction up to the point of delivery and invoice,
in partnership with the client's Factor or Discounter
from whom repayment is obtained.
Abacus - Cash flow for accountants
Confidential cash flow
funding for accountants
A facility at commencement and ongoing equal to 75%
of your outstanding business customer invoices secured
soley on your firms sales ledger. Designed specifically
for accountants and operating on an administratively
simple basis. Abacus is completely confidential. A
cost effective modern alternative to conventional
bank overdraft/loan funding utilising funds tied up
in your sales ledger. More
Revolving Purchase Finance
Allows the purchase of finished goods (imported or
UK sourced) by immediate supplier payment repayable
by 90 day bills of exchange. The facility is usually
unsecured and does not normally affect other lenders
security. Revolving purchase lines of credit are provided
by one of the UK's leading providers of Trade Finance
facilities. The product is available to owner managed
businesses registered in the UK. The line of credit
extended depends on the financial position of the
business, which is agreed after assessing the accounts
of the business. Typically lines offered would be
between £20k and £150k. Once the line
is agreed the client may approach and request that
a suppliers invoice is paid or an LC is issued on
their behalf. The client pays their service fee at
that time (depending on the size of the line usually
5% to 6%) and signs a 90 day bill of exchange &
usually a trust receipt. We will pay the supplier
or issue the LC and collect the money back from the
client 90 days later. More
Selective Customer Finance
Single or multiple customer transactions – either
as a one off, or as regular / repeat
business. This facility can operate without the need
to obtain a book debt waiver from any Banker / Debenture
holder.
Marine Insurance
Arranged at competitive rates in support of import
transactions. Liability coverage pays what you become
legally liable to pay as a result of your ownership
and operation of the insured goods.
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Great British Finance
Limited are authorised and regulated by the
Financial Services Authority (FSA). The FSA
does not regulate some forms of Mortgage, Inheritance
Tax Planning, Credit Cards, Personal Loans,
Deposit Accounts & Insurance. If you are
submitting an online request, we would advise
to read our KeyFacts statement, links are at
the top and bottom of this page. |
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