Overview
From a bedroom refurb operation to millions in turnover
Adam Hamdoud founded IncTablet refurbishing and re-selling consumer electronics from his bedroom. Two years into partnering with Lenkie, the business turns over millions each year, riding the growing demand for wallet-friendly and environmentally friendly alternatives to buying new.
The Problem
Tight margins, small tickets, and platforms that pay in 45 days
Re-selling e-devices is full of opportunity but comes with distinct cash flow pressure. Between wholesale purchasing, service and repair, and shipping, retailer margins are incredibly tight, swung by even small differences in the price of models and batteries between suppliers. Payment terms across the eCommerce platforms most resellers sell through range from 20 to 45 days, on small unit values of £100 to £300 at a time.
The typical fixes, trade credit or invoice finance, bring their own limits: trade credit only exists where suppliers offer it, fees compound over time, and overreliance on either can strain the very relationships a reseller depends on. Businesses like Adam's need funding that builds bargaining power with suppliers and platforms rather than sacrificing it.
The Solution
Buying power at the payables end of the cycle
Adam found his competitive edge in Lenkie's credit facility. Grow Now Pay Later pays supplier invoices instantly while spreading repayments over up to 12 months, putting funding at the crucial payables end of the cycle.
With the ability to buy more stock within his trading year, Adam has increased turnover and strengthened relationships with suppliers and re-selling platforms, where order volumes are key. IncTablet can lock in the best price for the best phone models, reducing costs across the board.
The journey
01
Instant supplier payments through the credit facility
02
Repayments spread over up to 12 months, matching the trading cycle
03
Volume buying: bigger, better-timed stock purchases that strengthen supplier and platform relationships
"Using the facility wisely can really help provide leverage when buying inventory and also increase the amount of inventory you have available. I'm exceptionally happy with the service and the team. Overall it's a superb way to develop your company in a manageable and targeted way. Since starting with Lenkie we were running at £400/£800k sales; we are now on par to reach £2.4million"
Adam Hamdoud
Founder, IncTablet
Results
Sales on track to grow sixfold
Since starting with Lenkie, sales have moved from the £400k to £800k range to a trajectory reaching £2.4 million. With turnover rising and large competitors launching their own refurb programmes, Adam is diversifying sales channels: established platforms like eBay alongside newer contenders like TikTok Business, which has already built strong traction. With Black Friday and Christmas ahead, the next chapter is set up.
6x
annual sales trajectory since starting with Lenkie
12 months
to spread repayments on supplier invoices
2 years
partnering with Lenkie
"Lenkie is about empowering self-starter, growth-driven businesses like IncTablet. We're delivering a product that's more than just a line of credit. Our credit facility enables businesses to overturn the challenges unique to their industry, whilst directly facilitating revenue growth - all provided in a package which sits comfortably alongside day-to-day operations. We're incredibly proud to support Adam's achievements as he continues to compete at the tip of the spear"
Sanjeev Jeyakumar
CEO, Lenkie
Takeaway
IncTablet's economics are brutal by design: thin margins, £100 tickets, and platforms holding cash for up to 45 days. The fix wasn't cheaper stock but better timing, paying suppliers instantly while repaying across the trading year. Buying power did the rest, and sales are tracking towards six times where they started
