SPONSORED: MHK, Europe’s leading buying group for the KBB sector, wants to empower more retailers to join its community of 4,200 members and take control of their finances. Here’s how becoming a member can help you achieve your cash flow goals in 2025:
1. MHK negotiates market-leading terms from big name suppliers on your behalf
Did you know that 30-day payment terms post-delivery of kitchen furniture, appliances, accessories, technology and more can extend a cash flow cycle by up to 60 days? By improving payment terms with suppliers, retailers can pass on more flexible payment and deposit options to customers that will allow you to compete with those offered by larger chains.
Many UK kitchen retailers face significant cash flow pressures due to the need to pay suppliers pro forma at the time of order. This ties up cash that could be used for operational needs, leaving little flexibility for unexpected expenses.
MHK is able to negotiate excellent buying terms for members through its collective strength as a community of 4,200 members across Europe. Additionally, MHK has open-ended credit terms with suppliers, allowing retailers to confidently take on larger projects without liquidity concerns.
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2. Enjoy Central Payment; spend less time on accounting
With a system like MHK’s Central Payment, the administrative burden of managing supplier invoices is reduced meaning you can focus on your core business—selling kitchens.
Unlike other systems, Central Payment offers streamlined invoice management in which all supplier invoices are consolidated and paid in one sum. Its automated interface allows invoice data to be easily transferred to accounting and ERP (Enterprise Resource Planning) systems, further improving efficiency and accuracy.
Crucially, relationships with your suppliers won’t change. This is a huge benefit for members as retailers maintain direct supplier relationships while benefiting from efficiency and financial flexibility. You keep your independence.
3. Access many more suppliers without opening multiple new accounts
You need never lose a lead again because you can’t supply a specific brand or product.
Working with MHK means retailers are no longer limited to using their current portfolio of suppliers. MHK has the most varied roster of suppliers out of any buying group in the UK.
With more than 60 major industry brands to choose from, including 20 furniture brands and more than 15 appliance brands, it makes business sense to take advantage of 30-day payment terms and enhanced margins that MHK offers.
4. Reinvest rebates back into your business
Being able to invest rebates rather than relying on them to make a profit is a great position to be in. Some MHK retailer members, thanks to the multiple financial benefits of membership, choose to reinvest the marketing-leading rebates it has negotiated back into their businesses. An example includes upgrading vehicles with more fuel and tax efficient options.
5. Make 2025 the year you level up
MHK is levelling the playing field for independents. It negotiates better buying terms for members (whether a startup or established business) from leading suppliers in the kitchen and bathroom industry allowing for excellent cash flow, better margins and competitive pricing.
These terms include open-ended credit to support your cash flow, 30 days to pay, including early settlement discounts, and a Central Payment system allowing you to pay all suppliers in a single transaction for simplified financial administration.
All of these terms combined allow you to remain competitive against larger high street showrooms.
Are you ready to improve your cash flow? Visit www.kitchen-experts.co.uk/become-a-partner/