Case study

Distinction secures $7million contract with UKEF support

London SME Distinction will supply furniture to the Palm Jumeirah, the first Viceroy hotel to open in Dubai.

Distinction
About Distinction
Region London
Sector Furniture
Export destination Dubai
UKEF support Bond support scheme

When Distinction won a US$7million to supply furniture to a luxury hotel in Dubai, they needed an advance payment guarantee. UKEF issued a US$1.2million guarantee to Distinction’s bank, enabling Distinction to fulfil the contract, create more UK jobs and expand its business.

Mark Elliot, CEO of Distinction, said:

To secure this deal we needed to get everything finalised on a short timescale and UKEF pulled out all the stops to make it happen; this and the direct financial support we received from UKEF was invaluable. I doubt we would have been able to take on the contract without it.

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Published 29 June 2017