Bondaval signs multi-year deal with Highland Fuels

Press Release 24th May 2022
Highland announce
Bondaval signs multi-year deal with Scotland’s leading independent fuel distributor
Highland Fuels replaces trade credit insurance policy with Bondaval MicroBond program

Highland Fuels have been operating for over 60 years, developing best-in-class credit practices that have supported them in becoming Scotland’s leading independent fuel distributor.

Commodity price volatility and a desire to secure an all-encompassing payment security solution encouraged Highland’s credit team to explore alternatives to trade credit insurance.

Bondaval are delighted to have been chosen by Highland Fuels to provide a multi-year trade credit insurance replacement program.

Bondaval are delivering 100%, non-cancellable payment security, administered by Highland’s credit team in real-time via Bondaval's online portal.

Bondaval have empowered our credit team with a unique combination of certainty, efficiency and flexibility. It’s an advanced solution that is setting a new benchmark for credit security; the product provides us with complete balance sheet protection and is an important enabler for growth.

Stephen Rhodes
Managing Director at Highland Fuels

We're delighted to be providing Highland Fuels with an alternative to their trade credit insurance program. Our digital solution matches the fast-moving environment their team operates in, while our security further supports a best in class credit function and gives the whole business the certainty it needs to deliver on its strategic objectives.

Sam Damoussi
Co-Founder & COO at Bondaval
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