2 hrs

How long it takes to see if we can help you

£103,373,080

How much we have funded to small businesses so far

A UK-based Trade Association representing an industry supplying much needed liquidity to UK and Irish businesses. Trustpilot is a review community that builds trust and transparency between consumers and businesses.

Registered with the best.
Rated by our clients

Who it’s for

This is a revolving stock finance facility aimed at smaller businesses (£5-£20m turnover) who need to hold stock, or buy components and assemble them, in order to satisfy customer demand.

 

It’s ideal for companies where factoring is not an option (e.g. because your clients credit ratings are not strong enough) AND if your suppliers will give you very little credit or none at all.

What it is

The product is designed to ease cash flow in the supply chain by paying your suppliers on delivery. This should unlock early settlement discounts and free up your cash.

 

Payments by WCP are secured by a credit insured Bill of Exchange drawn on your account and on title to stock. No debenture or personal guarantee is required.

How it works

  1. We buy the goods on your behalf and ensure that they are properly insured and delivered.
  2. You provide us with a Bill of Exchange payable 30, 60 or 90 days depending on how long you expect it will take to sell the goods on to your customer.(A Bill of Exchange is like a sophisticated post-dated cheque which is regulated by the Bill of Exchange Act 1882. Unlike a cheque though, once a Bill has been issued it is unconditional and cannot be stopped or revoked and must be paid when presented on the due date.)
  3. During the period of the Bill, the finished goods (purchased by us) are held securely in your warehouse and identified as our property using a Trust Receipt. Materials or components are stored and used as normal.
  4. You process or sell the stock in your normal course of business and the Bill of Exchange is presented on the due date.
  5. Once the Bill has been settled you can renew the facility.
  6. In order to smooth cash flow you may have several bills with different maturity dates running concurrently.

Is this solution right for your business?

 

We also provide Trade, Import & Stock Finance for overseas imports, Selective Invoice Discounting if your clients have a good credit rating and Export finance if you’re selling overseas and Stock Finance.

 

Call now to discuss which solution is right for the way your business works.
020 8203 6500

Our fees

You pay an agreed fixed fee at the start of the transaction with no further fees or interest due.

Top Tip

Wholesalers and manufacturers will often give discounts for prompt settlement.

We’ve made it even simpler

24/7 online platform

With our 24/7 online platform, you manage the whole process.

Bad debt protection

With our bad debt protection as standard, you’re covered even if your client becomes insolvent.

People we’ve helped

Find out how we helped an online retailer to compete with faster deliveries by financing her supply chain at low cost.

Read more

Talk to an expert

Registered and rated by:

A UK-based Trade Association representing an industry supplying much needed liquidity to UK and Irish businesses. Trustpilot is a review community that builds trust and transparency between consumers and businesses.