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About TALL Security Print
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Region
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Cheshire
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Sector
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Printing
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Export destination
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Kenya
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UKEF support
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Export insurance policy
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TALL sells secure paper products such as educational
certificates, cheques and ballot papers from their headquarters
in Cheshire. While much of its business is domestic, exporting
has become increasingly crucial for TALL.
They won a £330,000 contract to supply two million high-school
diplomas to Kenya. TALL would usually seek payment guarantee via
an Irrevocable Letter of Credit. However, this wasn’t available
on this contract and TALL was unable to secure credit insurance
from the private market.
TALL turned to UK Export Finance (UKEF) and our Export Insurance Policy. We
provided TALL with the insurance they needed to help them fulfil
the contract.
With the increase in turnover thanks to this latest deal, and the
promise of repeat business from their client, TALL hope to
further grow their international business to over 20% of their
turnover, entering new markets across Africa and the Caribbean.
Bill Lamb, Group Finance Director at TALL Group, said:
This support from UKEF was absolutely critical.
It gave us the confidence to be able to proceed and build our
relationship with a new client. We have just received a further
contract from the Kenyan National Examination Council, meaning
that that one insurance policy from UKEF could enable a great deal
more future business.
Kevin Ledwith, UKEF Export Finance Manager for
North West England, said:
There is a world of opportunity out there for companies across
the North-West. Businesses that export are more productive and
profitable than those that don’t, which helps to create more
jobs and increase prosperity. UKEF can help businesses win
orders, fulfil contracts and get paid, and I was delighted to
help TALL to continue their exporting journey.
Get the Exporters’ Edge
Putting the right finance and insurance in place can give you
the exporting edge, helping you to win contracts, fulfil orders
and get paid.
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