Aldermore agrees invoice finance deal with Didsbury Gin

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Aldermore agrees invoice finance deal with Didsbury Gin

Theo Osborn | 13:45 Tuesday 1st October 2019 | 3

Aldermore has agreed a new invoice finance deal with craft gin brand Didsbury Gin.

The latter plans to upscale and continue growing as it looks to capitalise on its recent momentum.

The gin is now produced at a distillery in Leicestershire and Aldermore is providing the finance solution to match.

Liam Manton and Mark Smallwood, co-founders of Didsbury Gin, said: “Winning big orders from customers is fantastic, but it has cash flow implications.

“Some customers, especially large ones, expect credit of 60 days or more, and an order might be worth many thousands of pounds.

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“During this time, you must pay to produce your stock, and your suppliers might only give you 30 days’ credit.

“We immediately knew that Aldermore understood our cash flow challenge.”

Tariq Bourdouane, business development manager at Aldermore, added: “We have worked closely with Didsbury Gin to understand their business challenges and needs.

“Liam and Mark are full of passion and energy — and that’s infectious.

“They hadn’t used invoice finance previously, so we were there to aid their understanding and ensure everything went smoothly.”

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