Bibby offers £1.25m trade finance and foreign exchange facility to Greater Manchester manufacturer
Our client designs, develops and supplies accessories to the games console market, keeping up with the latest technology within the industry. In order to broaden their consumer horizons, they have set their sights on expanding their offering to the growing virtual reality and action camera markets.
To help the business manage the flow of manufactured goods into the UK, the business uses our trade finance facility to help overcome the complexities of trading overseas and enables suppliers to be paid before goods are shipped. This has recently been complemented with a new FX facility that helps the business to manage its exposure to trading in different currencies on both imports and exports.