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Tailored Facility for New Company

Updated: 14th February 2007 (AM)

Amount: £1,107,000

Our client needed £1,107,000 of funding facilities to buy a large number of low value items. These items were to be installed off-site at many different locations.

Despite being part of a major PLC, they were unable to secure the funding.

They contacted us, and we quickly identified that the two main problems were the goods location and the type of asset.

By helping our client draft a 'third party agreement' to be completed for each installation, spreading the finance across three separate funders, and by making the funders relax standard contract terms, we were able to arrange the facilities.