Case Study: Thane Direct UK Limited
Industry Sectors:
Wholesale,
Type of Finance:
Asset Based Lending
Region:
London
Date:
1 February 2017
Turnover:
5-10 Million
Thane Direct UK Limited (Thane) is a leading UK wholesaler and marketer of consumer products. Part of a global enterprise, Thane broadcasts one of the country’s favourite home shopping channels, offering some of the latest innovative home, fitness and beauty products from across the globe.
With business booming, Thane needed a facility that provided greater headroom for growth, delivered by a provider with a track record for responsiveness, speed and flexibility.
Solutions
To meet its funding objectives Thane briefed its advisers to look further afield. IGF met all the requirements by offering a level of borrowing that exceeded the immediate requirements of the business.
From the very outset, Thane were impressed by IGF’s collegiate manner and experience – the very essence of why IGF is able to identify and deliver the funding needs of growth focused businesses more precisely than others. Furthermore, the speed of response through the deal process and beyond has been very welcome.
Vicki Parkes, Finance Director, Thane Direct UK Limited, said;
“This is our first experience of working with IGF. They were introduced through our broker and they have instinctively understood our business and its potential from the outset. What impresses me is that I never have to chase them to contact me. This factor, apart from the enhanced and more flexible funding, is a genuine breath of fresh air.”
Alan Austin, ABL Director, IGF Group, said;
“We are delighted to have shown Thane that commercial finance with IGF is all about the customer. This new IGF facility provides the funding tools Thane needs to grow their impressive business. Our experience and service made the difference.”
IGF: Independent Growth Finance Ltd
Founded on expertise, IGF is a leading independent commercial finance provider with a national presence. We have a strong entrepreneurial culture and know what it takes to build and grow a successful business. We understand that SMEs rarely stand still. Neither do we.
At IGF, we blend art and science to meet our clients’ needs. On the one hand, there’s the creativity and passion we apply to every deal and relationship, and, on the other, the incisive technical deal structuring capability that underpins our clients’ success. To capitalise on opportunities and meet the challenges of growth, we have developed a range of solutions and services that will enable you, or your Clients, business to prosper. Our commitment to providing creative financing solutions to support business growth and working capital is stronger than ever. Whether it be for growth, a transaction to support, such as an MBO or acquisition, or help when going through a restructure we are ready to provide support.
IGF: Independent Growth Finance : 0800 051 8402
[email protected]
www.igfgroup.com
2 Maidstone Road
Paddock Wood
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