Construction Client
Specialist construction client purchasing a used Piling Rig. Purchase Price £190,000 plus VAT.HP loan amount £190,000. VAT Only Deposit. 60 monthly repayments. No balloon.Facility completed
September 7, 2021
Existing asset finance facilities often present opportunities when it comes to reorganising the debts of a business.
Positive results of restructuring can include the following:
To be able to correctly assess, a schedule of existing assets and associated debt is required. With that we can fully assess for opportunities to add value.
If there are assets held within the business that carry no debt, then this presents a simple way of raising cash, quickly, through Sale and Leaseback HP. Although the assets legal title will pass to the lender, you would retain full control of the asset and it would remain on the company balance sheet.
Leeds based Manufacturing client. We refinanced 12 different assets of varying age and value.
Single loan provided via sale and leaseback HP of £200,000.
Existing facilities of £87,300 were settled resulting in a cash release of £112,700.
Monthly repayments remained at the same level.
Specialist construction client purchasing a used Piling Rig. Purchase Price £190,000 plus VAT.HP loan amount £190,000. VAT Only Deposit. 60 monthly repayments. No balloon.Facility completed
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