BFS supplies Sampling International Ltd with a £1.1m invoice discounting facility
Sampling International, based in Batley, West Yorkshire, manufactures sample books for upholstery ranges for leading high street retailers and manufacturers, with a turnover of £5m. After receiving a £1.1m injection of funding from Bibby Financial Services, Sampling International has undergone a management buy-out and will also provide ongoing working capital support to the business.
Stephen Hubbard, managing director, said:
“We needed the injection of capital to help fund the retirement of one of our director/shareholders. We also looked at our ongoing financial position and worked with BFS to secure a flexible funding package.”
Now with a funding line in place, Sampling International are looking to achieve their growth aspirations by expanding into overseas markets.