Components manufacturer for plant machinery
A particularly challenging case, which was quite a baptism of fire as it came early in Stephen’s tenure at PFC!
This client was referred to Stephen by an accountant, mainly due to their struggles at sourcing funding from traditional banks.
Ownership of the business comprised an equal split between UK based directors and an overseas investment company which had been the key stumbling block to obtaining funding.
Stephen was able to overcome this issue of diluted liability by making the case that the UK part of the company had sufficient strength in the directors to warrant lending by a funder.
The first request for a working capital loan was successfully placed, with no liability placed on the overseas entity, and since then Stephen has gone on to arrange further funding for their VAT bills and development goals, giving the company the opportunity to grow and expand.
To discuss further, contact us directly on: 01829 738 799 or via our email at: firstname.lastname@example.org