Barclays iPortal Trade & Working Capital

Gapuma Group is a trading business that sources, supplies and delivers chemicals around the globe, supplying sectors including oil & gas, bio-fuels, coatings, packaging and more. They have been recognised by two Queen’s Awards for Enterprise and the inaugural King’s Award for Enterprise in 2023.

Founded in 1999, they operate predominantly into the African continent, supplying their chosen area and providing local distribution in territories that others may find challenging to operate in.

Gapuma exports and imports with shipping documents regularly flowing through the Bank to various countries in the form of Collections and Letters of Credit. The speedy sight and process of shipping documents and status of specific presentations is crucial. Barclays iPortal Trade & Working Capital has enabled electronic visibility of documents and sends real time updates on status of specific transactions.

Cleveland Cable are a global cable and cable accessory supplier based in Middlesbrough with 8 depots across the UK and businesses in Ireland and Dubai. Their range of electrical cables include power, fire performance, data, control and general wiring cables. They also stock a wide range of specialist rail, marine and offshore cables and accessories. 

In the last decade Cleveland Cable Company has expanded its reach exponentially into other areas of the globe. In the last 12 months exports have grown to 52 countries worldwide which consists of 25 European and eastern European countries, 6 countries in the middle east, 7 countries in Africa and 13 other countries. 

Barclays iPortal Trade & Working Capital has allowed their trade processes to be handled more efficiently, as they use our online platform to open and manage import letters of credit which are set up for suppliers. Without this, they would have had to have used paper based application forms, but our online system has provided them with real time visibility on transactions and payments.