Success Stories

Currency facility secured to reduce import costs

Currency facility secured to reduce import costs and maintain stability

Hilton-Baird Financial Solutions has helped an established distributor of laboratory supplies to improve their margins by introducing a new commercial currency exchange provider.

As our client imports goods from suppliers in Europe, China and the USA, our team explored where they could add value in our role as a commercial finance broker, given the backdrop of volatile economic markets and trading conditions.

After gaining insight into our client, we quickly identified that the business was likely to benefit from comparing their existing currency provider’s exchange rates, charges and portal offering against the wider market.

The business’s currencies and values required for trade vary from month to month, so they were also interested in the forward purchase of US Dollars. Whilst their existing provider offered this, it was at a further cost and would require the added complication of an additional platform.

With this information in mind, our expert team introduced our client’s Finance Manager to a trusted commercial currency exchange partner, who approved a USD forward line for the business to protect against volatility, enabling them to budget more effectively.

Additionally, they analysed the currency rates charged by their incumbent provider and were able to offer savings on both costs and margin.

To explore the range of commercial currency exchange solutions available to your business, or to discuss any funding requirements your business has, call our team on 0800 9774833 or request a call back.

Some of the funders we work with

  • Cynergy Business Finance
  • Peak Cashflow
  • InvoCap
  • eCapital Commercial Finance
  • Barclays
  • Davenham Asset Finance
  • Santander Corporate & Commercial
  • Investec
  • Skipton Business Finance
  • Clear Factor
  • Regency Factors
  • Berkeley Trade Finance Ltd
  • Davenham Trade Finance
  • MaxCap
  • PNC Business Credit
  • Bibby Financial Services
  • Allica Bank
  • Haydock Finance Ltd
  • Castlebridge
  • 4Syte
  • Time Finance
  • Praetura Invoice Finance
  • Close Brothers Invoice Finance
  • Aldermore Invoice Finance
  • Woodsford Tradebridge
  • Partnership Invoice Finance
  • Blazehill Capital
  • Leumi ABL
  • Giant
  • Pulse Cashflow Finance
  • Nationwide Finance
  • Kriya
  • Tradeplus24
  • Roma Finance
  • Sonovate
  • IGF Invoice Finance
  • Ultimate Finance Group
  • Lloyds Bank Commercial Finance
  • Metro Bank SME Finance
  • Optimum Finance
  • Team Factors
  • Accelerated Payments
  • Merchant Money
  • Royal Bank of Scotland
  • ABN AMRO Commercial Finance

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders