BREAKING NEWS: Berkeley Trade Finance Ltd announces its launch
Berkeley Trade Finance is pleased to announce its launch having commenced trading in May 2019. Reuniting co-founders Steven Pleace and Soheill Sarkoob with a combined experience of over 45 years’ providing effective and bespoke trade finance solutions to UK SMEs.
“It is a great pleasure to announce the launch of Berkeley Trade Finance and I am delighted that Berkeley has already commenced funding a number of new clients. We look forward to catching up with our many friends in the industry, as well as making new contacts, to discuss how Berkeley’s flexible trade finance solutions can help support businesses involved in international trade.” Steven Pleace, co-founder and director.
Berkeley can provide funding facilities of up to £1m to startups, sole traders, established small companies, as well as larger companies that may require additional support alongside their existing banking facilities.
Funding options include:
Selective invoice finance – funding of the client’s entire sales ledger or just a single customer or invoice. Berkeley can fund FOB sales and export debtors.
Supplier payment and invoice finance facility – combined with a selective invoice finance facility, Berkeley offers a trade finance facility to pay domestic or international suppliers. Berkeley can pay 100% of the supplier invoice as well as finance freight, VAT & duty costs.
Stand-alone trade finance facility – a facility offered to clients who need supply side finance only. This may include direct payments to suppliers as well as letters of credit for domestic or international transactions.
Supplier undertaking – Berkeley acts as the guarantor undertaking that a supplier will receive payment from the client before goods will be released.
E-commerce funding – Berkeley can finance stock purchases from the client’s suppliers to facilitate sales on an e-commerce site or within concessions and retail outlets.
Capital equipment purchases – Berkeley can facilitate the purchase of large capital equipment by paying suppliers on behalf of clients. Berkeley receives repayment from the end customer’s asset financier after delivery.
Berkeley can assist clients with marine insurance, forex facilities and the management of the whole supply chain from sourcing goods to delivery to customers. Covering areas such as quality control, import and export documentation, warehousing and transportation, Berkeley provides an invaluable source of information and contacts to help protect clients from supply chain risks.
“The current political deadlock over Brexit has significant implications for SMEs involved in international trade. Berkeley’s innovative and bespoke suite of trade finance products and services, combined with the extensive experience of the management team, can play a vital role in supporting UK importers and exporters during this crucial period and well beyond.” Soheill Sarkoob, co-founder and director.
Operating from offices in central London, Berkeley aims to be the first port of call for SMEs seeking funding for international trade transactions.
Steven Pleace or Soheill Sarkoob
Tel: 0207 299 7720