Plant Hire company needs cash flow

Client Profile

Our client, a nationwide hirer of construction plant, had opportunities to expand considerably with large contracts on the table. However, tight cash flow prevented them from taking on these contracts, leading them to reach out to us for a loan.

The Challenge

Securing the necessary funding was complex due to the following issues:

• Credit Profile: The client’s less-than-perfect credit made unsecured loans unfeasible and increased loan rates prohibitively.
• Home Ownership: None of the directors were homeowners, further complicating traditional loan options.
• Urgent Need: The client needed quick access to cash to seize large contract opportunities.

Our Solution

Noticing the client’s large balance sheet of valuable assets, we opted to refinance these assets to release the needed cash flow:

• Long-Term Hire Purchase Agreement: We structured an HP agreement, allowing the client to retain ownership of their assets while accessing funds.
• Quick-Action Lender: Our lender, known for commercial asset valuations, completed the process in record time.
• Asset Rates: We secured a rate 40% cheaper than the average loan rate, making the solution cost-effective.

Results

The asset refinancing solution unlocked critical cash flow, enabling the client to pursue expansion:

The client accessed the cash flow needed to secure large contracts, positioning their business for significant growth and future opportunities.

Client Testimonial

Project Timeline