Group News
£4.6m funding structure agreed for construction firm
With appetite for smaller cashflow funding remaining more difficult given the current economic and market conditions, many businesses are experiencing uncertainty on obtaining an appropriate funding structure.
The Leonard Curtis debt advisory team were recently introduced to a successful trading business to look at finance options for the remaining bank and vendor loans. Gaining a full understanding of all stakeholders, the market, and financial outlook our expert debt advisory team were able to identify the key issues to resolve and explore the funding market.
A team including Simon Carrier and Joe Douglas, worked closely with the business and funders to identify strategies which enabled the business to refinance. The amended structure and repayment terms mean the business is back on a level playing field and management are able to concentrate on running the business again.
Simon commented “It’s important for businesses of all sizes to understand that no matter how impossible a debt structure may appear, it is always worth engaging an advisor to work closely with the management team and explore all options.
We were able to assess the market conditions, provide strategic funding models and achieve a better position for this business.”
The earlier an issue is identified, the sooner solutions can be provided. Our funding team are available to discuss any funding or debt requirements.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.