Synergy in Trade was established in 2006, and was formed specifically to assist UK based companies with their international trade business. Synergy is privately owned and has two Directors. Conveniently located in Leicestershire, we have a team of ex-bankers who all specialise in International Trade and between us have over 150 years of experience.
Synergy in Trade is the essential partner for UK companies trading internationally that do not have their own dedicated import or export staff.
We are experts in the field of letters of credit & our main function is to produce shipping documents under L/C’s & present to the bank for payment. We have an unrivalled track record in this regard & our meticulous & methodical approach gives our clients complete confidence in our ability to ensure that payment is made promptly.
If you are not the manufacturer of the goods, we are able to use the export letter of credit as security, to enable us to issue our own letter of credit to the supplier. This back to back credit arrangement is invaluable to traders who are just unable to get the support they need from their bank. Using this arrangement it also alleviates problems with businesses who are using transferable credits to facilitate their trade transactions. Transferable credits by their nature are quite restrictive & businesses are often frustrated by their inflexibility & tendency to disclose the names of all the parties to a transaction. A back to back credit facility opens up a whole new world to the trader & with its flexibility gives far more opportunities for businesses to expand.
Synergy also provides invaluable support to UK importers by financing the purchase of goods from overseas suppliers until they get paid by their customers.
Synergy successfully completed international trade transactions on behalf of our clients amounting to over £15m in 2011. Synergy compliments banks & offers bespoke & flexible solutions to assist the SME market.
Synergy has very strong relationships with our client base, and we are seen as an integral part of their business & are constantly on hand to give guidance on all aspects of international trade.
Virtually all new business and new markets are by recommendation or introduction from existing contacts. Synergy is synonymous with quality and accuracy. We are committed to our clients and they benefit from our close working relationship.