“We became convinced that we would not pay for anything that wouldn’t be delivered and – at the same time – that Expense Reduction Analysts would be fully motivated to achieve significant savings.”
Czech company Trestles was established in 1994 with an original range of 6 products that was gradually expanded. Nowadays the production amounts to 300 items. The company is ready to respond to any customer’s input and to develop new products according to their requests. Their high-tech facilities are valuable assets for the company.
Whilst the company started with the production of trestles – as the name suggests- their core products now include various shelving and handling equipment, building trestles, transport trucks and other specific metal products. The company is also active in steel processing, longitudinal cutting of coils, rolling, and produces their own welded tubes and profiles, tube bending and powder coating. Over 90% of the production is exported, with the main clients being located in the E.U.; currently Trestles is also expanding in Israel, Russia, Canada and the U.S.A.
Options to choose from
The option based on price allowed the client to save up to 63.9% of expenses in bank services in case of variable interest rates, and 60.6% in case of fixed interest rates for investment loans i.e. when the interest rate risk would be fully eliminated. After negotiations with the best participants to the tender launched by Expense Reduction Analysts, Trestles eventually decided not to change their existing bank, with whom they have a very good long-lasting partnership of over a decade. It was nevertheless possible to achieve savings of 55.6%, even though there was an unplanned additional investment loan taken out just before the implementation of the solution - to finance the new powder coating production line.
"Whilst deciding whether or not to start our cooperation with Expense Reduction Analysts, there were two crucial elements. The first one was their completely fair business model; we became convinced that we would not pay for anything that wouldn’t be delivered and – at the same time -that Expense Reduction Analysts would be fully motivated to achieve significant savings. The second was the personal commitment of Mr. Vontor, whom we already knew. "
Ms Jolanta Burkotová – Co-owner and Chairwoman of the board of directors
|Fixed rates for investments loans||60,6%|