Regency Factors weaves £600k invoice finance deal for Essex-based clothes importer
Regency Factors PLC has recently taken on a new client in Essex who imports and sells ethical clothing to customers all over the UK. The client has been dealing with both their suppliers and customers for many years and has built up good relationships with both. They have years of experience in this sector and have worked in the retail clothing sector as designers and sales for several high street brands.
Regency has provided the client with a £600k invoice finance facility to increase their cashflow as there is capital tied up in their invoices that they feel can be put to use to grow the business. In addition, there is a trade finance facility in place which the importer will use when purchasing clothing from abroad.