Chester Finance

Real Partnership for Real Growth
A Division of Cullinan Holdings Limited

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Our Services

What We Offer

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Trade Finance and Stock Funding

We offer our clients the ability to grow their importing businesses by providing them with facilities to make direct payments to international suppliers of product and raw materials. The term of the finance provided is based on the cash cycle of the products in question.

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Purchase Order Finance

We offer our clients the ability to execute purchase orders by providing them with the finance required to import products needed to fulfil the purchase orders. This service includes facilitating the movement of the imported product from the supplier in the foreign country right up to delivery to the local customer.

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Off Balance Sheet Inventory Finance

We offer our clients the ability to optimise cash flow by providing them with a financing structure whereby we import and warehouse products on their behalf until they are required by their businesses. These products can then be made available when required on credit.

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Short Term Working Capital Finance

We do not confine ourselves to any specific funding structure. Instead we explore each opportunity on its merits and design tailored, short term funding solutions that enable our clients to take advantage of worthy trade related business opportunities.

Application Process

Funding can be accessed in a matter of days.

We have activated facilities in a matter of days where the necessary information has been made available.


Meet Our Team

Real Partnership for Real Growth

We exist to provide short term working capital and financial backing to entrepreneurs involved in trading and manufacturing businesses. We have successfully been designing trade finance solutions for our clients for more than 20 years. We have been able to do this by investing in the relationships with the entrepreneurs that we finance. The time spent getting to know our clients-both new and old- provides us with insights into the multiple facets of the individuals involved, their businesses and their visions. These insights provide us with the context that allows us to swiftly engineer trade finance structures that enable these entrepreneurs to seize trading opportunities that come their way.

Team on the ground
team member
Tamar Sack
After completing her legal articles at Bowman Gilfillan in 2004, Tammy remained with the firm in their corporate finance and general commercial team as an associate for a further year. Tammy joined the Chester Finance Group in 2005 and manages a portfolio of clients, as well as overseeing legal matters. Tammy has developed a specialisation in the initiation and execution of complex purchase order and structured transactions.
team member
Seymour Grawitzky
Seymour is a qualified chartered account with a wide range of experience in venture capital and private equity initiatives. He has furthermore been involved in providing corporate finance advisory services. Seymour has experience in starting up new ventures, running established operations and in turnaround management. Seymour is Chief Executive Officer of Chester Finance in South Africa.
team member
Jacob Lerman
Soon After qualifying as a chartered accountant in 2003, Jake joined Chester Finance as a trade finance account executive and member of its credit committee. He left Chester Finance briefly in 2010 to join McKinsey and Co. as a management consultant. Jake has recently returned to Chester Finance to concentrate on the development of the trade finance business.
team member
Ursula Parkinson
Ursula has a BCompt degree majoring in tax, auditing and accounting as well as her articles of clerkship. She has many years of experience in auditing, accounting, tax, banking, credit management, compliance and computing. Ursula has been with Chester Finance since 2004 and is an integral part of the credit team through her involvement in the analysis of financial information received. Ursula manages a portfolio of existing clients and is actively involved in the acquisition of new business.
Latest News

We are pleased to advise that Chester Finance (Chester) has been acquired by Cullinan Holdings Limited (Cullinan) from Chester Investment Holdings Limited.

Cullinan is a South African company listed on the Johannesburg Securities Exchange and is one of the leading companies within the Tourism and Leisure sector. Cullinan owns some of South Africa's premier tourism, travel and leisure brands including Thompsons Travel, Pentravel, Springbok Atlas, Ikapa Tours, Grosvenor Tours, Edusport and Hylton Ross.

Cullinan was placed 14th best South African JSE listed company by the Financial Mail in its list of the Top 20 Listed South African companies in 2014. Cullinan made a strategic decision two years ago to expand into financial services and the acquisition of Chester forms an important step in the fulfillment of this strategy. Cullinan's entrepreneurial culture and business ethos are closely aligned with Chester's.

Cullinan has committed to provide Chester with all resources necessary to enhance Chester's ability to provide its clients with the trading capital required to enable them to achieve their full growth potential.

Chester's operating model will remain the same and there will be continuity in all of its systems, processes, management team and back office staff. We will continue to operate from our existing premises in Killarney until February 2015. In February 2015 we will be moving into newly upgraded offices in Rosebank, which are located at the 3rd Floor, Travel House, 6 Hood Avenue, Rosebank Johannesburg.

Chester will form part of the Cullinan Financial Services Division which is headed by Michael Barr (ex Investec). The Group CEO of Cullinan Holdings is Michael Tollman, the Group CFO is David Standage and the Group Legal advisor is Bradley Allison.

We look forward to building on the close relationships that we have developed with all of our clients and to providing them with the same consistent high level of personalised service that they have come to expect from us.