Importers beware and mark your calendars! The Chinese New Year, guided by the lunisolar calendar, shifts annually, and in 2025, the Year of the Snake slithers in on January 29. The official festivities span from January 28 to February 3. Be prepared—some factories might close their doors even earlier, with shutdowns stretching from two to […]
Always good to get a testimonial from a client. We have worked with Sells Goalkeeping Products for a while now. With the new football season coming up always good to support their growth. “Abcor Finance has proved to be an excellent solution for our business, since being connected with Andy Beck nine months ago. With Suppliers in Asia […]
It has been a while since we reported the impact of freight costs on inflation. However, its potentially back with a bang. Freightos is reporting 40-foot container prices between China and Rotterdam have increased by 176% in the last 2 weeks to $4,371. This has been caused by disruptions in the Red Sea, due to […]
Despite the doom and gloom, some companies are thriving. Abcor supports a multi-million UK trading business in the medical/beauty and FMCG sectors, with a £1m trading facility. They have pivoted their business to exploit a gap in the US market. They are importing predominantly from Asia and exiting through large US wholesalers. The issue is […]
For seasonal businesses access to working capital to pay suppliers is essential. Abcor’s funding supports seasonal businesses by matching their finance requirement to the trade cycle. Loans can often appear appropriate however it risks leaving businesses with costly excess cash. Excess cash can lead to deployment of funds to areas not initially intended. This may […]
Abcor Finance is identifying ambitious businesses struggling to get the right finance to export. There is a substantial barrier for UK companies who are manufacturing and selling their products abroad. The best example are exporters manufacturing goods in China and selling them directly to the EU or US. At Abcor this is our bread and […]
Some good news, a rare occurrence these days. Freight costs have fallen dramatically. Some freight forwarders are now reporting $3,000 for a 40ft container from China to the UK. This is back to pre-pandemic prices. Last year, we reported the huge increase in shipping costs. Prices peaked at $20,000, for a 40 ft container from […]
Abcor Finance are delighted to have supported leading sportswear brand, Samurai Apparel with a £250k short-term purchase facility. “We were introduced to Abcor by our Invoice Financier, ECapital , as we required some short-term seasonal financing to fuel our continued growth. Andy and Colm quickly got to grips with our requirements; provided us with a […]
In our previous blog “Structural Changes in Supply Chain”, posted at the end of last year, little did we know how prescient the discussion and explanation of diversification, re-shoring and greater inventory would be. The context was around supply chain disruptions post-Covid, especially from China and the post Brexit re-alignment of supply chains in the UK. […]
Abcor Finance has expanded its support for UK businesses. It has added facilitation of International Payments, Abcor FX, to its existing Purchase Order and Trade Finance solutions. Abcor FX is a partnership between Abcor Finance and Intertrade Exchange to provide clients with the best foreign exchange rates. There are no fees when you make or […]
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