Shop Direct Group and Greensill: Oiling the Wheels of the Global Economy Together

19th December, 2018


Shop Direct Group, a Greensill client and one of the UK’s leading online retailers of clothing, sportswear, electrical goods, homewares and toys, provides a perfect example of how supply chain finance helps oil the wheels of the global economy.

SDG has more than 128 years trading history and is the UK’s second largest pure play online retailer, trading under the brands of Very and Littlewoods.

The group has been forward-thinking when it comes to online sales and although SDG had a history of owning stores, it has not operated on the high street since 2005. The group now has an average of 1.4 million online hits per day with 74% of sales made on mobile devices, and UK-wide delivery within 24 hours.

Greensill has worked with SDG since 2015 and pays more than 100 of their key suppliers within five days of goods being delivered to any one of three distribution centres. This reduces the stress on their merchandising suppliers at a time when the UK high street is under pressure.

Greensill is further supporting SDG’s development of a new automated distribution centre, in the East Midlands, which will be on-stream in 2020 and will secure the next phase of SDG’s evolution.

Learn more in our latest whitepaper, “Financing the Festive Supply Chain.”


< Back to Insights

Visionary, Bold, Disruptive

Each month, Greensill’s team of experts contribute to the latest insights and analysis, setting the agenda and leading the discussion on unlocking capital so you can put it to work.

Whitepaper

27th July, 2020

Doctors Go Digital

A new digital partnership has developed solutions that enable the NHS to cover staff shortages more efficiently, provide on-demand pay for doctors working additional locum shifts and can potentially reduce the NHS annual agency bill for temporary staff.

Whitepaper

16th June, 2020

Fair Finance in Latin America

Greensill is rapidly scaling up to offer Latin American businesses a much-needed lifeline and fairer access to finance. Learn how a new Greensill partnership aims to unlock $750 billion of working capital across Latin America.

Whitepaper

22nd April, 2020

Drive to Survive: Funding the Automotive Future

Covid-19 and regulatory pressure present incredible challenges for the automotive industry, but investments in the future of transportation offer a path forward. Learn how Greensill is helping to fund the automotive future.

Whitepaper

6th March, 2020

Spotlight on Suppliers

Greensill founder and CEO Lex Greensill understands the difference a steady stream of reliable working capital can make to a small business. Hear from the businesses and people who rely on Greensill to make finance fairer for all.

Sign up to monthly insights in our Newsletter

Subscribe to the Greensill monthly newsletter to discover the latest in news, views and insights in the world of balance sheet optimisation, working capital and supply chain finance. Join the discussion today.