£2m Structured Finance solution facilitates business acquisition

When looking to purchase an established business, having access to enough liquidity is key and can make or break a deal. To provide support with unique requirements, at Ultimate Finance we offer Structured Finance facilities which allow a business to borrow against multiple assets at the same time to maximise funding potential, and which made us the right funding provider to partner with.

Meeting the funding partner of choice

Senior Regional Director Alastair Logan recently worked to support the acquisition of a long-established engineering business that specialises in the provision of special bespoke cutting tools through a £2m Structured Finance facility. He explains, “An existing client recommended Ultimate Finance, which is already in itself a great testament to how we could help the acquirer meet their ambitions, and upon meeting with them I was able to get an understanding of the business’ history, challenges, opportunities and future plans to help our team tailor a unique solution that would allow access to the funding required to complete the deal”.

Structured Finance: a multi-asset solution to maximise funding potential

The Ultimate Finance team assessed all potential assets that could help generate as much liquidity as possible and proposed a facility that combines Invoice Finance, Asset Finance and Bridging Finance to provide the necessary £2m the borrower was looking for. Alastair continues, “We are asset-based lending experts and this particular solution really helps showcase what we do across all three of our core solutions. To help generate the cash needed to purchase the 100% share capital we provided a £1m Invoice Finance facility against the business’ sales ledger, refinanced existing machines to unlock £375k via Asset Finance and issued a £611k Bridging Loan against the commercial property with a planned exit via a refinance through a conventional commercial mortgage, all in one easy to manage solution”.

Supporting business ambitions

With the funding agreed and the business acquired, the business is now able to draw from the expert support of Relationship Manager Helen Rushworth, who says, “With over 20 years’ experience supporting the unique needs of businesses across the country we understand what is needed to help a particular business keep moving, which is both access to funding and a support channel to maximise the use of the facility, which can make a real difference to accessing the funding. I am delighted to be able to play a part in the future success of this business and am confident that they will feel the benefit of our 5-star rated service”.