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Campbell Meyer secures £1.75m facility

CAMPBELL Meyer & Company, the Scotch whisky blender, bottler and exporter, has secured invoice finance worth £1.75 million from Aldermore, the Cheshire-based challenger bank.

The company, which employs 40 staff at its warehouse complex in East Kilbride, said the facility will allow it to maintain a steady cash flow while it secures payments from around the world.

Campbell Meyer supplies whisky to markets overseas with a range of its own single malt, blended malt and blended Scotch brands. These include Hart Brothers single malt, Glendower blended malt, and blended Scotch whiskies Highland Chief, McIvor, Barclays and Bonnie & Clyde.

Gerry McSherry, managing director at Campbell Meyer, said: "The very nature of our business means that, from time to time, finances are tight as we await settlement of export sales invoices.

"Using invoice finance made complete sense and we choose Aldermore because we found them to be completely flexible in their method of providing finance.

"Aldermore were quick to understand the complexities of our business and, as a result, the facility was in place in a matter of weeks."

Ben Day, regional sales manager at Aldermore, noted that the facility will last for a year, stating: "Their main criteria for financing was that it should be flexible, easy and non time-consuming, and scalable enough to support their growth ambitions.

"I'm delighted to say that Aldermore was able to achieve this, and we are proud that we are supporting such an important, thriving small business both locally and internationally."

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