Case Study: Dovetail Enterprises Ltd achieves rapid access to affordable working capital with Elcom, Inc.

Dovetail Enterprises Ltd - Customer Case Study

Dovetail Enterprises Ltd, a long-established furniture and mattress manufacturer and social enterprise in Dundee with turnover in excess of £3.3m and a 100,000 sq ft plant, faced cashflow pressure from long lead times and delayed customer payments. To secure early-stage working capital they turned to Elcom, Inc. and its Supplier Cash Flow Service / eFunding solution supported by Elcom’s supply chain technology.

Elcom, Inc. implemented an advance-funding programme that provides suppliers up to 80% of Purchase Order value (and 100% of invoice value) with funds available within 48 hours and lower finance charges than alternative lenders. The funding enabled Dovetail Enterprises Ltd to buy increased volumes of raw materials, meet contractual obligations on time, and maintain employment and training for their disabled workforce, helping them navigate a particularly busy period while stabilising cashflow.

Dovetail Enterprises Ltd

Ken Laing

Chairman