Aldermore, Britain's leading challenger bank, has provided £1.75 million in finances to Campbell Meyer, an independent blender, bottler and exporter of Scotch Whisky.
Founded in 1991 with just two members of staff, today the company operates out of a large warehousing complex in East Kilbride and employees over forty people.
Campbell Meyer & Company Ltd exports its whiskies to many overseas markets, and payment is often made on credit terms. Aldermore provided Campbell Meyer & Company Ltd with funds to help maintain a steady cashflow.
Gerry McSherry, Managing Director at Campbell Meyer, says: "The very nature of our business means that, from time to time, finances are tight as we await settlement of export sales invoices.
"Using invoice finance made complete sense and we chose Aldermore because we found them to be completely flexible in their method of providing finance. Aldermore were quick to understand the complexities of our business and, as a result, the facility was in place in a matter of weeks"
Ben Day, Regional Sales Manager at Aldermore, comments: "We provided Campbell Meyer with a £1.75m invoice finance facility which will last for 12 months.
"Their main criteria for financing was that it should be flexible, easy and non time-consuming, and scalable enough to support their growth ambitions."
"I'm are delighted to say that Aldermore was able to achieve this, and we are proud that we are supporting such an important, thriving small business both locally and internationally."
Since its inception in 2009, Aldermore has lent over £1.6 billion to SMEs in the UK.
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