Having received the recommendation from a current client, the BFS Trade Finance Team contacted the business to review their requirements. Following an initial meeting, BFS were able to offer a combined funding package, that allowed the business to improve its cashflow and manage the seasonal fluctuations the business experienced.
As a global business, the BFS Trade Finance Team also recommended the FX service, which would allow the company to better lock-in future contracts when it forward buys currency in bulk, allowing for improved margins.
The BFS team felt that the company had been importing at a good level for the past two years and could demonstrate its growing customer order book. Also, growth prospects were considered good as the demand for vegan products is increasing in the UK, as they become more readily available on the high street and online.