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Finance for New Start Company

Updated: 14th February 2007 (AM)

Amount: £93,000

Our client was a newly established company that had developed and patented a new product. Over £500,000 had been spent on development resulting in an insolvent balance sheet. Our client needed £93,000 to acquire a moulding machine so they could begin production.

We helped draft the business plan, adjust the capital structure and obtained order confirmations from the potential customers. These factors, along with support from the directors, enabled us to arrange the finance.