Catering equipment buying group Cedabond has said its members can look forward to greater “financial security” in future after introducing new finance packages to facilitate trade between suppliers and dealers.
At its recent regional meetings, the organisation presented what it said was a “unique” credit insurance policy designed to provide all suppliers with financial security in their dealings with Cedabond members.
It also unveiled a new financial programme for members, which it claims will offer the option of longer payment terms for dealers that require it, without compromising the usual terms that see suppliers getting paid in 30 days.
Cedabond chief, Phil Martin, confirmed the changes and insisted they would “benefit both parties”.
He said: “Cedabond have worked with a team of key financial professionals to develop these initiatives. Our intention is to ensure that both our suppliers and members will gain the benefits of all developments within Cedabond.”
At the regional meetings, Cedabond told members that turnover was now up on last year following a “steady start” to 2013 and said that income to members was projected to deliver “double-digit growth” on last year’s numbers.