Re-finance package assists company transition
An existing and valued client approached us with an asset re-finance opportunity to help their business move forward.
The day to day Management Team were keen on taking over the business in the near future and needed to raise funds in order to partially buy out shares of the existing Directors.
The long term plan is that all shares of the business will be bought by the 3 strong team and the business ownership will transfer. However, at this stage it was important to maximise the most from the equipment to raise the necessary funds to start phase one of the process.
We raised £585K against the unencumbered equipment, over a 5 year term on extremely competitive terms, with the deal completing in less than two weeks. Both the incoming Management Team and existing Directors were delighted with the package that provided flexibility and suited the requirements of this bespoke arrangement.