Distributor adds to firepower with £5m deal

A £30m-turnover distributor of IT and consumer electronic products has clinched a funding package of nearly £5m.

Trafford Park-based Compudal says it s £4.7m working capital facility from NatWest and RBS Invoice Finance will to help boost its stock levels and allow it to move quickly to buy products quickly.
     
It will use the funding to capitalise on surplus and discounted stock which becomes available from manufacturers.  At certain times of the year distributors have the opportunity to buy stock on preferential terms, providing they have the funds to pay for it immediately.

Compudal started trading in 2008 and employs 14. It distributes IT and consumer electronics products such as Sony PlayStations, digital cameras and Blu-ray players.
 
It supplies to national IT distributors, large corporate organisations and retailers in the UK and Europe.

Chris Dalziel, director of Compudal said: “We operate in a highly competitive and fast moving market, where a quick response is essential to secure the best deal. 

“It is crucial for us to have access to a significant working capital facility so that we can capitalise on the opportunities as and when they occur.”

Mark Collier, a business development manager at NatWest’s commercial banking team in Bolton, said: “Compudal’s success as a business is based around a fast, professional and knowledgeable response to their client’s needs. 

“We are very happy to provide a funding package that will help them bolster their presence in the market.”