HD Wallpaper UK: Wallpaper Manufacturers Uk

Wallpaper Manufacturers Uk Biography.
Outcome: UK Export Finance cover against non-payment provided the financial protection needed to enable the company to increase its overseas sales significantly.
Summary: UK Export Finance helped Graham & Brown by putting together bespoke cover under its Export Insurance Policy. This covered Graham & Brown against the risk of not receiving payments for goods it would be delivering to buyers in Russia. Having such credit insurance in place from UK Export Finance helped Graham & Brown secure the necessary finance from their bank, thus helping them to expand into Russia and other overseas markets. Graham & Brown had been unable to obtain the necessary cover from private market credit insurers.
Background: Lack of credit insurance against the risk of a buyer’s failure to pay was a real brake on the exporting ambitions of Graham & Brown, Britain’s biggest manufacturer of wallpaper. The company, which exports around 35% of its output, was keen to expand its overseas sales.
Andrew Graham, CEO of Graham & Brown, has been a keen advocate of UK Export Finance being able to complement the private sector by providing credit insurance in sectors beyond the capital and semi-capital goods to which it was previously limited. He explains it like this: “G&B first approached UK Export Finance in late-2008. At that time UK Export Finance was restricted to supporting project and capital goods business and was not able to help. It was very frustrating to be able to grow our exports, and then to be told we didn’t qualify for UK Export Finance help at a time when we couldn’t get sufficient cover from the private market. We were in a very difficult position as we had substantial business opportunities in many countries but lacked the ability to insure all the business we could win against the risk of non-payment and so were losing out.
Then at the end of March, following the publication of the Government White Paper Trade and Investment for Growth, UK Export Finance expanded its cover to include manufactured goods, such as wallpaper, amongst other items.
“Exporters were telling us in 2010 there were still gaps in the market, despite the recovery from the economic downturn of 2008-9,” said UK Export Finance’s Chief Executive Patrick Crawford. “We listened and the Government acted.”
The UK Export Finance team worked closely with Graham & Brown and Atlas Risk, Graham and Brown’s credit insurance broker, to get UK Export Finance’s cover in place in a way that fitted Graham & Brown’s pattern of business. Atlas Risk and Graham & Brown selected contracts that were particularly important to the business with which to blaze the trail.
David Craig, UK Export Finance’s underwriting manager for the case, said: “Our job at UK Export Finance is to give British companies the confidence to export, so they can make the most of all their opportunities to win business overseas and create wealth and jobs here in the UK.”
“We worked closely with Atlas Risk and with Andrew and his team to tailor our support to Graham & Brown’s needs. It took time, as this was the first deal of this particular type UK Export Finance had done for some years, but I’m very pleased that Graham & Brown received the support it needed.”
Andrew said: “It’s good to see the Government listening to business, and I’m pleased we now have the support from UK Export Finance we need. I hope we can continue to use UK Export Finance where necessary to expand our presence in many markets including Russia, Eastern Europe and the Middle East.”

Wallpaper Manufacturers Uk