Case study

Funding the growth of a fashion empire with Trade Finance

21-01-2020

“Allowing us to secure enough supply to meet our growing orders”

Ultimate Finance are pleased to have recently worked with the heritage fashion brand, Moda In Pelle to support them in securing cost efficiencies with their suppliers after a period of substantial new incoming orders.

Moda In Pelle has been crafting shoes and accessories for over 40 years. The company was founded in Leeds, and now boasts a network of 40 shops, a strong online presence, and stock in independent outlets across the country, including House of Fraser and TK Maxx.  The company continues to go from strength to strength, combining Italian leather and British design to produce fashionable footwear that’s both luxurious and comfortable.

“Moda In Pelle are thankful for the support that UItimate Finance have given us over the last 12 months. Our work is seasonal, with our shoes needing to be made in advance of the forthcoming season, for example our boots are made in summer. Based on the previous year, we needed to invest heavily in production to keep up with this year’s demand. Ultimate Finance allowed us to do that. Jackie and team supported our expansion by providing a trade finance facility, allowing us to secure enough supply to meet our growing orders”, says Stephen Buck, founder, designer and owner.

Paving the way to success

“From being introduced by Patrick Bywater of Liberty Trading GB, to the provision being up and running, Jackie has been wonderful to work with. The whole process has been straightforward, clear and I wouldn’t now go to any other funder.

“Ultimate Finance have been integral partners to our ongoing success, and I can’t thank them enough.”

Jackie Hunt, Relationship Manager for Ultimate Finance, added

“The success of Stephen’s business is a demonstration of his creative eye, business flair and above all, sheer hard work. The facility we put in place allowed Stephen to secure better terms with his suppliers.  It is a pleasure to work with him and find the right solution to meet his company’s needs at an exciting time of order book growth.”

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