How an Early Payment Program Helped DFDS Supplier to Invest and Expand
By 3 minute read• Published May 25, 2020 •
Andy Bramhall: This is Andy Bramhall of Bramhall Transport Services proprietor. I’ve been with DFDS for about, on and off, three years maybe, something like that, I would think. We’re operating currently between 35 and 37 vehicles. When we were offered early payment potential, it was good, very good. Because we were on 60 days plus before that.
Cash is king, isn’t it for any business? So we were able to use that inflow of cash to buy things and to expand. The platform allows you to pull money off, as and when you need it. You can have the money immediately on a fixed term but… we have a flexible term so we pull money off, as and when we need it, all depending on if we need to buy anything or we need to invest. We’ll just pull the money out of the platform and use it.
If you’re quick, you’ll get on [the platform] within under a week. It was just a really easy process. I knew exactly what it was going to be doing for me, for the business. Considering he was miles away in another country, it was as though he was basically in the same room. It was really easy. Get on it straightaway. Seriously, unless you’re a multi-billionaire and you’re not really bothered, I would get on it straight away.