Export Working Capital Facility for a Yorkshire Textile Manufacturer
£310,000 · Ongoing · 3.2% over base. A Yorkshire textile manufacturer had won significant export orders from buyers in Germany, France, and the US.
The Client
Yorkshire textile manufacturer
The Challenge
A Yorkshire textile manufacturer had won significant export orders from buyers in Germany, France, and the US. Each order required production to start - and materials to be purchased - weeks before the goods shipped and months before payment was received. The manufacturer's domestic overdraft was insufficient for the expanded order book.
Our Solution
Doulton arranged a specialist export working capital facility, drawing on UK Export Finance (UKEF) support to enhance the facility terms. Purchase orders from verified overseas buyers were used as the primary security. The facility allowed production to begin on confirmed orders regardless of the payment timeline.
The Outcome
Export order book fulfilled without cashflow restriction. Export turnover grew from £280,000 to £740,000 in twelve months. The UKEF-backed element reduced the overall cost of the facility materially. Key highlights: UKEF support accessed - materially reduced facility cost; Purchase orders from overseas buyers used as primary security; Export turnover grew from £280k to £740k in 12 months.