The business – School uniform retailer

– Trading for 10 years

– Sales over £1 m per annum

– Retained profits of £80k

– Capital base of £350k


The scenario

The customer secures long-term school contracts, which require a minimum stock holding. Not only is the business highly seasonal, but when it wins a new contract it needs to invest in new uniform ranges. The existing overdraft facility is fully utilised, and the bank has no appetite to increase the limit.

The outcome

UkMG arranged  a £75k credit facility to enable new contracts to be taken on and to cover peak trading periods.