Surety Bonds And Bank Guarantee
Surety Bonds And Bank Guarantees
Stening Simpson Industry Leaders in Global Surety Bonds. For over 44 years Stening Simpson has been at the forefront of the Surety Industry setting the benchmark.
Why Choose Stening Simpson
For over 44 years, Stening Simpson has been at the forefront of providing Surety Bonds from Australia to the other side of the globe. We’ve worked hard to set the benchmark for other players in the industry, which shows in our high-level expertise and long list of dedicated clients.
– Expertise in Surety Bonds in Australia and around the world
– Professionals that understand your business
– Knowledge of using Bonds in Australia and globally to give your business flexibility
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.
