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

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