Ultimate Finance helps upmarket skincare range extend global reach
Skincare range, Elemental Herbology, which was founded seven years ago, is building on its success by opening up new distribution channels in the Far East, having been granted a £150k invoice finance facility by Ultimate Finance.
The range is already available globally with stockists in the UK, Europe, USA, Australia, Middle East and Far East. With its reputation and demand for the products growing it is currently in negotiations with three new distributors including Korea, Benelux and others.
In addition, it is also updating its own e-commerce site as more people search for the products online.
To help fund the growing number of orders from retailers and distributors, Ultimate Finance has granted the £150k facility across three ledgers; a Sterling one for domestic trade, and two ledgers for export trade, one in Sterling the other in Euros.
Speaking about the success of the company, managing director, Louise Riby, said:
“Elemental Herbology is a unique skincare range founded on the origins of the five elements, which balance and harmonise the beauty of nature and the power of herbal medicine.
“Little did we know that seven years later the range would be available across the world.
“Naturally dealing with lots of companies brings its own financial difficulties but when they are in so many different countries it can be even more problematic.
“The invoice finance facility provided by Ultimate Finance takes away the hassle of having to chase up the invoices, as they do that for us. It also allows us to draw down the money almost immediately. Not having to wait for the invoices to be paid by our customers frees up the cash so that we can manufacture even more products to cater for the increasing demand.”
Regional director of Ultimate Finance, Baljinder Mali, is pleased to be supporting Elemental Herbology, said:
“Elemental Herbology should be extremely proud of what they have achieved in such a short space of time. However, to build a global brand and grow demand so quickly can put quite a strain on cashflow.
“It is a tremendous success story for an English skincare company and we are therefore delighted to support the company by providing a cashflow solution to help build on its successful formula.”
Photo caption: Baljinder Mali of Ultimate Finance (left) with Louise Riby of Elemental Herbology