One of the UK’s leading timber agents, Hunt Brothers, is celebrating the turn of the year with 104 years of global growth and annual timber orders of 10,000 tones. Ongoing success has been supported by a credit insurance policy.
Hunt Brothers acts as a selling representative for overseas mills looking to export timber products to the UK. It has an annual turnover of £7 million and imports from seven primary countries around the world. The Wirral-based business has achieved 20% growth over the last ten years and says its 65-year long trade credit insurance partnership with us has been vital to the firm’s success.
Careful financial management and the company’s insurance policy enables Hunt Brothers to rate the credit worthiness of potential business partners and sell timber products on credit to UK customers with the confidence of being covered against non-payment. This has enabled the company to significantly expand the markets it operates in, with a focus on Europe, North America and Asia.
Geoff Hilditch, Hardwood Timber Products Director at Hunt Brothers, said:
“We’ve enjoyed a long period of success. Our partnership with Euler Hermes has been essential in helping us secure the quality timber our customers need when global availability is at a premium”.
“Together with the issue of quality control, there is an elevated risk of payment delays and fraudulent behaviour. Trade credit insurance has enabled us to keep our operating model the same, providing security and quick payment to suppliers and giving quality assurance to buyers, while maintaining our reputation as the go-to agent in the sector.”
Mark Styles, one of our broker account managers, said:
“As one of our most durable client relationships, it is a pleasure to see Hunt Brothers continue to thrive in a challenging industry. Our specially-tailored insurance policy and supporting research and analysis provides Hunt Brothers and its partners with a trusted route to market and enables the company to grow its global footprint.”
“We’re committed to helping firms like Hunt Brothers continue to grow by providing support that precisely meet the needs of the business. We look forward to our partnership continuing for the next 65 years!”
Founded in 1913, Hunt Brothers partners with timber producers in the US, Canada, Germany, Malaysia and India to help them sell their products to UK businesses. It’s one of our long-standing trade credit insurance customers.