Transcript:
This profitable family run business specialises in supplying labour to the construction industry, including blue chip contactors across Sheffield. After trading for over 16 years, the directors decided it was time to sell the business.
Ashcourt Group, a long standing supplier agreed to purchase the business. They approached an introducer who could match them with the right funding partner to release the cash tied up in the company’s debtor book and unencumbered assets.
We were able to provide them with a tailored Structured Finance solution to assist with the acquisition of the business and ongoing cashflow requirements, consisting of a £750k Invoice Finance facility, and a £250k Asset Finance facility.
With strong growth forecasted over the next couple of years, the flexibility of a Structured Finance solution will equip the company with the cashflow it needs to succeed throughout the sale and beyond.
