CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Bibby Financial Services agrees £1.2m Export Finance deal with international security system firm
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Bibby Financial Services agrees £1.2m Export Finance deal with international security system firm PDF Print E-mail
Friday, 28 July 2017
Bibby Financial Services (BFS) has agreed a £1.2m Export Finance deal with Silent Sentinel Ltd, a designer and manufacturer of market-leading surveillance and security systems around the world.

Hertfordshire-based Silent Sentinel was established in 2002 and provides state of the art security systems to public and private institutions with existing and current clients including both public and private sector institutions. The firm offers products that are available for hi-spec surveillance protecting airports, utilities, rail infrastructure and border control.

With offices in the UK, US, Singapore and Jordan, the company required a boost to its working capital to enable it to service its growing global customer-base. To support the business’s growth, BFS structured an Export Finance package, including international payment collection, language support and foreign exchange services.

Paul Elsey, Managing Director, Silent Sentinel said: “We started the business as an equipment manufacturer and over the last 15 years we have diversified into the security sector where we have continued to go from strength-to-strength.

“We now export products all over the world and our services are internationally recognised, which is fantastic. Exporting doesn’t come without its challenges, however, and we needed to partner with a funder that could help us to overcome some of the complexities surrounding credit terms, payment practices, legal and language barriers.

“BFS has both a global presence and experience in structuring a finance package that can meet our needs, both now and in the future. We can now offer customers credit over a wider geographical area even when they are a significant percentage of our ledger. This enables us to fulfil orders where we have not been able to so in the past.”

The transaction was led by Tony Clampin, Corporate Manager at Bibby Financial Services, who said: “Silent Sentinel is already a hugely successful business with a strong customer base and established global strategy.

“We were able to significantly increase the level of funding the company previously had access to, in addition to providing specialist support services for businesses trading overseas. We’re delighted to support such an ambitious and growing business, and look forward to seeing Silent Sentinel move into the next stage of its growth strategy.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197