Welcome to the latest issue of the Creative Capital newsletter.
In 2014 the Creative Capital team strengthened with the appointments of Jo Stanley-Milnes (Accounts and Administration Support), Keith Bolton (Director, Trade Finance), Martyn Walker (Business Development Director, Yorkshire) and Mark Frost (Trade Finance Operations Manager). We have also been joined in 2015 by Chris Bolton (Business Development Executive).
NEW SERVICE OFFERING
Last year we also launch of Creative Trade Finance, which is managed by Keith Bolton and Mark and offers the following services:
- Trade Finance
- Stock Finance
- Liquidation Stock Finance
- Asset Finance Bridging
- Cash Flow Loans
These additional products have enabled Creative Capital to help even more small businesses and fund growth opportunities.
RECORD NUMBERS OF INVOICES FINANCED
2014 also saw a record number of invoices financed, as well as cash advanced, with almost 600 transactions taking place totaling around £9,000,000. 2015 looks to see this impressive figure grow once again.
The key message from Creative Capital and Creative Trade Finance is that we are very much open for business. If you would like to discuss how we can work with your clients, then please don’t hesitate to get in touch.
THIS MONTHS PRODUCT FOCUS: TRADE FINANCE
Trade Finance is suitable for companies who have confirmed purchase orders and supply contracts from a reliable source. Creative Trade Finance are able to finance up to 100% of the costs of the landed goods – including duty, VAT and freight. Our Trade Finance facilities help clients who have the ability to secure stock, but are unable to fund the purchase. Acting as an enabler to growth, Trade Finance facilities provide the necessary working capital to allow clients to import goods, complete transactions, and continue to source good quality work, safe in the knowledge their cash flow is protected.
You can find out more about Trade Finance by visiting our website
New facility for a North West based company importing LED lights and dealing predominantly with the construction industry. Facility was required to fulfill new orders and to enable the future growth of the business.
SELECTIVE INVOICE FINANCE FACILITY
New facility for a renewable energy company which required working capital assitance to manage continued growth. Extended payment terms were affecting their ability to pay suppliers on time, so Selective Invoice Finance has been crucial in allowing this company to trade effectively.
£100,000 STOCK FINANCE FACILITY
New facility for a Yorkshire based wholesaler which imports and sells fabrics to the manufacturing and retail industries, as well as selling to consumers online. A revolving stock Finance facility will enable this new client to grow and take advantage of favourable buying markets.