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Using Export Finance to support the expansion of Mechatherm

“Without the UKEF guarantee, we simply wouldn’t have had the financial flexibility to afford the deposit required of us and we would have been forced to turn the contract down. We’re extremely grateful for the support given to us by Barclays and UKEF - the fact that we were able to take on this order has been a great success for the company.”

Andrew Riley, Chairman 
Mechatherm International Limited

Mechatherm International Limited is a leading provider of equipment for the aluminium and other non-ferrous industrial sectors. With an annual turnover of £8 million in the 2016/17 financial year, anticipated to more than double in the next, international sales have been central to the company’s success.

In 2017, the company was approached to supply aluminium-melting furnaces and equipment under a multi-million dollar contract with Aluminium Bahrain (Alba). The terms of the export contract required Mechatherm to provide an advance payment guarantee, as well as a performance bond from Barclays as reassurance for the buyer that Mechatherm would deliver on its commitments.

Read our case study to find out how Mecatherm was supported by UK Export Finance (UKEF) and Barclays to secure this significant contract within the context of a challenging period for the aluminium industry, helping the company grow its exporting, and presence, in the Middle East.

Find out more

ECA Financing team

Finance international trade using Export Credit Agencies to minimise operational risk and ensure working capital efficiency.

Trade Finance

Improve your cashflow and your trading potential both in the UK and overseas.

Contact Us

New to Barclays? Our experienced UK-based team can listen to your business need, offer assistance on-the-spot or put you in touch with the right specialist at Barclays. Call us on:

0800 015 4242*

Alternatively we can call you back or you can email us with your query.

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To discuss switching to Corporate Banking at Barclays, call us on: 0800 015 4242 *