EBURY PARTNERS UK LIMITED

Dryhoff has a long-standing relationship with its US supplier, previously purchasing goods using letters of credit as an assurance of payment. The letter of credit facility is a strong form of guarantee. However, it is costly and inflexible.

Due to the trust built up between the two parties over the years, Dyrhoff wanted a simpler solution that would avoid lengthy documentation processes.

Dyrhoff was offered a 120-day credit facility, with full flexible drawdown and repayment options. The facility has since been used for a 30-day-long drawdown to match the buying cycle of the business. Dyrhoff only pays for the amount of credit used and for the period they use it, as there are no set-up or upkeep costs.

Through Ebury's efficient risk process, it was straightforward to understand the unique operations of the company, and Ebury was able to offer a credit line flexible enough to accommodate the specific needs of both buyer and supplier.