A well made solution for a retail supplier in the North West

£35,000 funding facility

At a glance:

  • Established clothing manufacturer
  • Extended payment terms
  • Funding allowed costs and deadlines to be met
  • Quick turnaround of funds to meet business needs


This Manchester based business manufactures and supplies the retail sector with a wide variety of knitted accessories, including beanies, gloves, scarves and snoods. Their client base includes high street retailers, well-known brands, web retailers and promotional companies.

High street contracts tend to have longer payment terms than smaller customers. As the business began to win more and more of these larger contracts, keeping the flow of cash running smoothly was becoming more of an issue as labour costs needed to be continuously funded without breaks. One major customer had a 60-day payment term and had been supplied and invoiced, leaving the business with little working capital while they were waiting for payment. In quick succession the business had another large order for goods, this time supplied from the Far East. This required payment on arrival at the UK port, before being delivered to the customer and an invoice being raised. There was therefore a requirement for working capital to assist with payment and ensure customer deadlines were met.

Traditional invoice finance companies require long term agreements to be put in place with additional set-up and non-usage charges as standard. But the business's requirement was short term, so this was not a suitable fit. Catalyst was recommended by a professional adviser and we were quickly able to approve and set up a facility at no cost using our Selective Invoice Finance solution. Our client only paid for the funds as and when they used them. When they were needed, we were able to deposit the funds in our client's bank account on the same day we received their invoice.

We were proud to have helped our client ensure production and delivery of their goods to their customers and are delighted to see them using the facility regularly to support their demanding business requirements.

'We had a short term cashflow requirement and the Catalyst funding solution enabled us to only borrow the funds we required for a short period of time. The alternative would have been a long term facility which did not suit our requirements' Managing Director

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