Printer firm agrees invoice discounting deal

22/01/2008

PBT International (PBTI), which operates from the UK as a printer industry supply firm, has agreed a financing deal that will see it raise funds through an invoice discounting deal.

The company develops laser printer cartridge solutions and having raised around £3 million through a funding deal agreed with Venture Structured Finance, the firm is planning to expand its operations over the course of this year.

A report from Creditman suggests that the refinancing deal agreed by PBTI will incorporate aspects relating to its property assets and stock loans, while the invoice discounting arrangements are to remain confidential.

"We pride ourselves on taking the time to understand the needs of each client and it was that flexibility that proved most valuable to PBTI," said Alun Thomas, who led Venture Structured Finance's involvement in the deal.

"We look forward to a fruitful working relationship for a long time to come and to supporting the company's future vision," he added.

Recent research by Venture Structured Finance found that close to a fifth of small business bosses in the UK value their accountant's expert understanding of the various funding options available.