Surety Bonds And Bank Guarantee
Surety Bonds And Bank Guarantees
Stening Simpson Industry Leaders in Global Surety Bonds. For over 45 years Stening Simpson has been at the forefront of the Surety Industry setting the benchmark.
Why Choose Stening Simpson
For over 45 years, Stening Simpson has been a leading provider of global Surety Bonds and Bank Guarantees, setting industry standards with our unparalleled expertise and a longstanding list of loyal clients.
– Global Expertise : We offer specialised knowledge in Surety Bonds and Bank Guarantees, both in Australia and around the world.
– Tailored Solutions : Our professionals understand your unique business needs, providing solutions that align with your goals.
– Driving Global Business Growth : A Success Story
Our contribution in the transformation of a construction company into a global powerhouse
The Challenge : A construction company had successfully raised capital but faced limitations in expanding their operations, securing larger projects and continuing their growth trajectory.
The Solution : Stening Simpson delivered financial solutions that unlocked the company’s potential for growth with the provision of Surety Bonding and Bank Fronted Bonding lines.
The Outcome : With Stening Simpson’s support, the company maximised their financial resources, pursued and secured larger contracts. This strategic partnership allowed them to expand their operations and establish themselves as a major player, globally.
Surety Bond Facility
We have available to us, “A” rated Underwriters who will consider companies with turnover of $20m.
This means that the smaller quality companies and sub-contractors will now be considered for a Facility, providing the same benefits as the larger companies are currently enjoying.
If you meet the following criteria or you know of a company that meets the criteria, do not hesitate to contact us:
• Revenue of at least $20 Million per annum (an average of $20 Million over a 3 year period);
• Must have a minimum net tangible worth of $1 Million;
• Positive cash flow;
• Positive working capital;
• At least 3 years of continuous profitability;
• Operating for at least 5 years.
The Underwriters are also able to provide Bank Fronted Guarantees should a Surety Bond not be acceptable to a Principal, which allows the Surety Bond Facility to be deployed more efficiently.
