News
£250,000 funding secured for Yorkshire-based food business
Reach Commercial Finance has secured a £250,000 funding deal for Prime Global Trade Ltd, a part of the rapidly growing Tuber Group, based in Hessle, East Yorkshire.
Prime Global Trade Ltd specialises in sourcing wild bird feed, nuts, avocados, exotic fruit and vegetables from around the world.
The company called in Phil Trueman from Reach Commercial Finance to help with funding imports of fresh produce from Africa, the Middle East and Asia, which were facing issues after Brexit and post-pandemic - both of which had impacted severely on the smooth-running of global supply chains in the food industry.
Reach brokered a six-figure invoice finance deal, working closely with an independent lender.
Phil Trueman of Reach Commercial Finance, who led the deal, said: We know the business well and having worked on a number of existing facilities we took the lead on recommendations for this issue, ensuring minimum work for the client.
Steve Humphrey, Managing Director of Tuber Group, said: The food industry needs experts in organisations like Reach to think creatively and come up with solutions to large-scale changes well beyond our control to keep our operations running smoothly. Being familiar with the business makes this easier for them to do - they are long term partners and always on hand to support us when we need it.
Phil concluded: Tuber Produce is a global client enjoying rapid growth. It is great to be involved in supporting their journey.
Feedback Form
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.
News and insights
Get in touch
with Leonard Curtis
Forward
with purpose
Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.