Consumer, Retail & Leisure
Investec provided a hedging facility on 100% of Somerdale International Limited's revenue.
Investec provided a hedging facility on 100% of its revenue. Investec also have been proactive in sharing structures that best suit Somerdale’s needs.
About three quarters of Somerdale’s sales are derived in non-sterling currencies. Its cost base is largely fixed and tends to be sterling based. Somerdale had to ensure that sales come through at the right price in sterling terms.
Somerdale is the leading exporter of British cheeses and dairy products. It works with cheese producers from across the UK to package and sell cheeses into international markets.
“Investec have really got to know us; spending time discussing our views, offering ideas, and monitoring the markets on our behalf.”
- Trevor Debenham, Finance Director, Somerdale