Company Sector: Retail - Fish & Seafood

Loan Type: Revolving Credit Facility & Term Loan
Loan Amount: £50,000

The Challenge

Renowned for their exceptional fish and seafood, our client operates a well-established retail shop and was preparing to grow their business with the launch of a second location. 

They approached us in the lead-up to Christmas, a period that consistently drives strong demand for seafood and requires upfront payment to secure sufficient stock. Funding was needed on two fronts: to complete the fit-out of the new store before the festive season, and to ensure they had the stock in place to fully capitalise on the year's most lucrative trading period.

Our Solution

Two funding solutions were put in place:

• Revolving Credit Facility – this gave the client ongoing access to funds for restocking
• Low Rate Term Loan - to cover the fit-out of the second store

This meant the business could move quickly during a critical period, freeing up finances to take on extra staff and meet demand. The result was a 50% increase in revenue compared to the previous year.

The Results

In the short term, the client was able to meet increased pre-Christmas demand without putting pressure on their cashflow. The funding also allowed the new store to open on time, giving customers a better experience and bringing in additional revenue. 

Since then, the business has grown steadily, its finances are on a stronger footing, and a greater presence on the high street has opened the door to larger wholesale contracts.

If your business is facing similar challenges - get in touch to explore how we can help - 01832 770 273