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Adverse Credit Application

Updated: 14th February 2007 (AM)

Amount: £44,000

Our client had traded successfully for a number of years, but recently had to put his company into administration after building up VAT/PAYE arrears and a few CCJs.

They contacted us to secure funding in a newly established company under common directorship.

We took the time to fully understand why the old company had experienced problems. We satisfied ourselves that this was not due to management errors, but was an unforeseen set of circumstances that could not have been predicted.

We demonstrated this to our funders, and because our client was honouring his existing debts, we were able to provide the new funding.