Webmart, in line with our ethos of trying to help as many people as we can in the course of business as well as doing a fantastic job for people, committed to invest £1 million of cash in our supply chain by paying everyone’s bills within 7 days of invoice.
This allowed our suppliers to have cashflow when they needed it most and it’s a commitment to the fantastic companies that we work alongside that help deliver to our customers exceptional marketing campaigns through the years.
Mark Farrimond, CEO of The Envelope Works is one of our suppliers who wrote to express his thanks, “Your support has meant so much to myself personally and our company especially in these challenging times, it was an incredible gesture on your behalf. Thank you so much for your early payments and ongoing support through this terrible pandemic.”
Richard Boon, Managing Director of Webmart commented, “We have over £5million of cash in the business which allows us to commit to the short, medium and long term for both staff and suppliers and we’re going to trade out of this and come back stronger.”
Webmart CEO, Simon Biltcliffe commented, “Through the unique Marxist-Capitalist business model, this allows us to deliver a robust, sustainable, long term business no matter what the outside world throws at us. It has allowed us to commit both to suppliers and fellow Webmarteers and of course our clients, that we will be here at the other side of this most challenging of times. Keeping money in the business has proven to be a long-term key competitive advantage of Webmart to allow us to maximise the opportunities for ourselves and our customers over the 24 years we have been trading.