Berkeley provides a combination of facilities including selective factoring, supplier purchase finance and e-commerce finance. The client placed their largest customer only on the selective factoring facility and in turn benefits from bad debt insurance cover. Berkeley purchases the goods from a number of suppliers based in Europe which satisfies all their retail customer requirements.
These suppliers require payment before delivery and goods are then transported by truck to the UK warehouse. On arrival goods are split for delivery to retailers and stock to be held for sales on-line. The facilities can also be used to pay for freight, duty and VAT costs where required.
Berkeley is repaid from the sales invoices raised on the customer and directly from the client as the e-commerce stock is sold.
These facilities also provide the client with options to fund stock for their own retail operation or concession within some of the major high street stores. This has provided the company with the confidence to increase PR and Marketing and accept larger orders now that there is a mechanism to support their growth. It also gives the owners the confidence to take a more measured view to investment offers that their success is attracting.