Shiels Jewellers
Services Provided
Full Banking & Finance Tender
Project Overview
After many years with the same bank, it was considered time to test the market with their banking and finance arrangements.
Industry: Jewellery Retail
The Challenge
Having previously completed a Glengyle Finance Review for Shiels, we knew the business and its unique arrangements intimately. As a result, we were engaged to manage a full banking and finance tender.
The Solution
Glengyle Finance, working closely with the Managing Director and CFO, put together an extensive Request For Proposal to four major banks. After considerable negotiations, we received multiple offers that well exceeded expectations in all areas.
Testimonial
“The outcome of our most recent engagement with Glengyle Finance was a career highlight for me. What Craig was able to negotiate with our bank was beyond what my experienced board and executive team thought possible. If you think that you can get this outcome with your internal team, then you are wrong. The level of detail that Craig requested from us for our tender made us think deeply about what we needed from our bank in order to fuel our growth plans.
The preparation that Craig put into our submission was greatly appreciated by the banks and this was certainly helped by the fact that Craig has spent many years on the other side of similar negotiations. Prior to meeting Craig, our finance arrangement was something that took up a significant share of mind as its low flexibility was a source of worry internally during peak periods. Now that the process is over and with a stunning outcome, we have gone back to focusing solely on how to improve our products to best serve our customers. You can’t ask for more than that.”
Toby Bensimon, Managing Director
