Pet Food Manufacturer Asset Finance

Background

Pet food manufacturer looking to grow and scale their production facilities as part of their growth plans – The client had spent 6 weeks going backwards and forwards with their bank, the customer was referred to us and within one week we had a facility agreed that did everything they needed at the same cost as their main bankers.

Challenges

• The equipment was largely bespoke to the client and had limited resale value.
• The equipment came from multiple manufacturers and required payment in stages.
• The project was forecast lead.
• We had a tight timescale to meet production schedules.

Solutions

£245k ASSET FINANCE – 60m – 10% DEPOSIT WITH A VAT DEFERRAL

• Reduced deposit to manage cashflow
• Multiple suppliers and stages paid without additional cost to the client.
• Fast turnaround – Application to documentation in one week.

A complicated and tricky transaction for a very good customer buying very difficult and bespoke equipment which had limited resale value – We worked with a proactive funder who took the time to understand the transaction and the underlying financials of the business thoroughly but quickly and helped us build a structure that worked for the customer on multiple fronts and helped them meet their growth plans.