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Case Study

‘A genuine breath of fresh air’

Thane Direct UK Limited

£4.5m facility

Ambitions

Thane Direct UK Limited (Thane) is a leading UK wholesaler and marketer of consumer products. Part of a global enterprise, Thane broadcasts one of the country’s favourite home shopping channels, offering some of the latest innovative home, fitness and beauty products from across the globe.

With business booming, Thane needed a facility that provided greater headroom for growth, delivered by a provider with a track record for responsiveness, speed and flexibility.

Solutions

To meet its funding objectives Thane briefed its advisers to look further afield. IGF met all the requirements by offering a level of borrowing that exceeded the immediate requirements of the business.

From the very outset, Thane were impressed by IGF’s collegiate manner and experience – the very essence of why IGF is able to identify and deliver the funding needs of growth focused businesses more precisely than others. Furthermore, the speed of response through the deal process and beyond has been very welcome.

“They have instinctively understood our business and its potential from the outset.”

Reflections

Vicki Parkes, Finance Director, Thane Direct UK Limited, said;

“This is our first experience of working with IGF. They were introduced through our broker and they have instinctively understood our business and its potential from the outset. What impresses me is that I never have to chase them to contact me. This factor, apart from the enhanced and more flexible funding, is a genuine breath of fresh air.”

Jon Hughes, Commercial Director – ABL, IGF Business Credit, said;

“We are delighted to have shown Thane that commercial finance with IGF is all about the customer. This new IGF facility provides the funding tools Thane needs to grow their impressive business. Our experience and service made the difference.”

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