Location: Knowsley, Merseyside
Date: August 2022
Product type: Stock Finance
Facility Size: £600,000
Overview
A North-West based firework business, specialising in wholesale, retail and firework displays required assistance to purchase stock from China in order to both fulfil wholesale orders and be able to meet display contracts.
VB was able to quickly put a £600k Trade/Stock Finance facility in place.
Service
Given the specialist nature of the product, we needed to ensure goods could be brought in under an Explosives Licence and also stored in a specialist storage location.
Impact
Our flexible facility ensured that the business continues to grow profitably and meet its obligations.