Our clients include construction, civil engineering and facilities management companies whose commonest requirements are for Performance Bonds. For House Builders and Developers we can also help by arranging Highways Act Bonds. In the Engineering sector we frequently help with Advance Payment Guarantees normally required where a client has asked for up front payments tohelp finance production costs and the buyer seeks protection for his money.
Some companies, by virtue of their trading activities, will be obliged to purchase specific bonds to enable them to obtain their licences (as with travel companies, or companies involved in waste disposal or transfer operations). Others will be involved in importing or the wine and spirits industry and may have substantial customs bond requirements. Here again we can help by arranging facilities with the surety market and helping to keep those bank credit lines free for working capital.
Secure Trade Credit has access to a well developed specialist surety market in the UK, and in both Europe and the United States and can negotiate competitive terms and ensure that clients have adequate facilities for their needs. |
