Based in Central London the company offers a worldwide service to manufacturers, exporters, importers, wholesalers, distributors and retailers.
Funding ranging from £5,000 to £1.5 million
Funding provided for importers and exporters as well as UK only trade
Funding the whole supply chain or just one aspect; Supplier payment or purchase order finance, VAT, Duty and Freight and/or sales invoice finance.
Berkeley typically fund in the following industry sectors:
Textiles & clothing
Toys
Accessories
Giftware
Footwear
Christmas products
White goods
Small capital equipment
Service industries
Promotional goods
Computer hardware
Why Berkeley?
As a specialist trade finance provider, Berkeley offer flexible bespoke facilities. Berkeley can fund the entire sales ledger, single debtors, export debtors, FOB sales, whether it is trade finance or a more straight forward invoice finance only requirement. Single transactions funded can range from £5,000 to £1,500,000 and all our facilities include credit insurance with no additional cost.
Berkeley is a niche funder providing facilities where others cannot
Berkeley can provide financial assistance to companies when other lenders and especially banks cannot or will not help. By focuses on the strength of a transaction rather than merely the financial stability of the company Berkeley has greater flexibility to construct a financing package which meets the client’s needs. The facilities can assist in every aspect of the supply chain, from product purchasing through to final collection of monies with timely and efficient management of the sales ledger.
Flexibility, Speed and Experience
Founding Directors Soheill Sarkoob and Steven Pleace have a combined experience of more than 45 years within transaction based funding including: invoice, export, import and stock finance. They are involved in all client transactions to ensure quick decision making and clients are able to speak directly to them at any time. A partnership with Berkeley not only increasing a client’s buying power but greatly reduces the risk to their business.
Not a bank
Berkeley is an independent company and utilises private funds. Therefore the company is not restricted by a bank’s credit criteria, which often limits the ability of other funders to provide the speed of service required by clients.
A complete service
Berkeley’s philosophy is to add value to a client’s business whenever possible and in addition to funding also provide marine insurance, foreign exchange facilities and management of the whole supply chain from sourcing goods to delivery to end customers, where required. Berkeley can arrange and manage quality control, importation, transportation and credit control. A facility with Berkeley offers a comprehensive solutions for international trade.
Partners and advice
Berkeley have a network of banks, corporate advisors and other asset based lenders and can make introductions when clients require additional or alternative funding.
Benefits:
- Generates immediate working capital
- 90% Bad Debt protection
- Can be used on a ‘pay as you go’ basis
- Facilities can work alongside existing bank or other funding lines
- Selective Invoice finance facility (1 debtor only if requested)
- Letters of Credit or direct payments (against shipping documents) to your suppliers for 100% cost of goods
- Can pay Import VAT, Import Duty and Freight charges
- Foreign currency exchange rate protection
- Export markets include
Financing products in a quick summary:
Selective invoice finance facility.
Funding of the client’s entire sales ledger or just a single customer or invoice including FOB sale and Export debtors. Berkeley will advance up to 85% of the gross invoice value.
Combined purchase and invoice finance facility.
On the strength of the invoice finance facility above, Berkeley offer a purchasing facility to import goods (or buy from domestic suppliers). Berkeley can also finance freight, VAT & Duty costs.
Simple purchase only facility.
This is offered to clients who need supply side finance only including direct payments and letters of credit for domestic or international transactions. Berkeley credit insurers the client and not their end customers
Sharing clients with invoice discounting/factoring companies.
Berkeley can now offer trade finance to clients where their invoice finance provider agrees to repay Berkeley from the availability of the sales invoices. Alternatively Berkeley can agree a funding split of the debtor book with the factoring company. This can help resolve concentration issues or other hurdles that have previously caused a funding constraint for the client.
Supplier undertaking.
Berkeley acts as the guarantor undertaking that a supplier will receive payment before goods will be released. Product is then held at a third party warehouse allowing the customer to inspect the product and confirm acceptable quality before taking delivery.
E-commerce Funding.
Berkeley can finance stock purchases from the client’s suppliers to facilitate sales on the an e-commerce site, concessions and retail outlets. Also by combining with a premier web design and marketing company and a specialist ecommerce freight and distribution company, Berkeley offers clients a full e-commerce support service with a global reach.
Asset or Capital Equipment Purchases.
Berkeley can now facilitate the purchase of large capital equipment by providing a purchase finance facility, paying deposits and final payments to the supplier once manufacture is complete. This bridges the funding gap between the manufacturing process and the point of acceptance of the goods by the asset finance house.
Get started today with our range of financing solutions