Technology Distributor Secures New Working Capital Facility

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Technology Distributor Secures New Working Capital Facility

An independent distributor of IT and consumer electronics products has secured a new £4.7m working capital facility from NatWest and RBS Invoice Finance to help boost its stock levels.

Compudal Ltd will use the funding to capitalise on surplus and discounted stock which becomes available from manufacturers. The fast-moving nature of the IT and consumer electronics market means that distributors have the opportunity to buy stock on preferential terms at various times of the year providing they have the capital to immediately pay for it.

Compudal started trading in 2008 and distributes IT and consumer electronics products. Its product range includes networking equipment, computer hardware, audio visual equipment and consumer products such as games consoles and televisions.

Trafford Park-based Compudal, which has turnover of £30m and employs 14 staff, supplies its products to national IT distributors, large corporate organisations and retailers in the UK and Europe.

Chris Dalziel Compudal Director, 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. This agreement with NatWest provides us with that capability."

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."

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