Case study

Playground construction company climbs to new heights with Refinancing


This Rutland-based construction company was established in 2015 and has since earned a tremendous reputation through the provision of comprehensive solutions tailored to the management of playgrounds, from consultation and design to surfacing, installation and inspection. Looking to raise additional working capital to continue their growth trajectory, the business worked with industry broker James Murray Finance to find a funding partner that could provide the right solution for their business.

James explains, “As part of the Asset Finance Solutions network, I can provide business owners with an understanding of the current offering from lenders in the Asset Finance sector, which not only means that I can ensure they gain access to the best solutions possible, but I can also help them save valuable time and effort in finding the right funding partner”.

Having previously sourced funding for clients from Ultimate Finance, James knew that the lender could tailor a facility to meet the needs of the business and reached out to his dedicated Regional Director John Hallett. John says, “This is a great business to support, they create engaging spaces for children to help with educational objectives and where they can build important relationships, which directly aligns with how we approach business funding at Ultimate Finance, so it was a pleasure to work with James on tailoring a solution that would provide them with access to the working capital they need”.

The team at Ultimate Finance assessed the business’ needs, history and ambitions and crafted a £70,000 Asset Finance solution through the refinancing of 16 existing assets ranging from vehicles to machinery. John explains, “Having gained an understanding of how the business operates and how it aims to continue to grow, it made perfect sense to look at unlocking cash tied up in existing hard assets to help improve the business’ liquidity and enable the business to tender for more contracts”.

With the terms of the facility approved, Ultimate Finance issued electronic documents for signing and swiftly transferred the funds to the business, which is now focusing on new contracts and continued growth. James concludes, “Working with John and the team at Ultimate Finance has been a pleasure, they are great at what they do and make sure that I am kept in the loop at all times so that I can continue to manage my relationships with my clients to a high standard”.

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