Manufacturing Finance - East Sussex

Manufacturing Finance - Sussex

Turnover: £780,000
Location: East Sussex

A Director of an engineering company on the South Coast of England had been presented with the opportunity to purchase another company. The target company had been trading since 1983 but due to shareholder differences the company was available for sale. 

The Director contacted First Financial from a referral from a local business advisory company. He had already been offered an invoice finance facility on terms that he was happy with. However this facility alone did not provide the full funding required. 

First financial undertook a valuation of the combined assets of the target company and within 3 days was able to offer the client an Asset Based lending proposal.

At the core of the proposal was an Invoice Discounting facility, plus an asset finance loan secured against plant and machinery. This proposal was secured from a lender that was happy to advance a higher invoice finance amount than the clients existing invoice facility. 

Completion of the company purchase took place some 3 weeks later to the satisfaction of all parties.

We have access to finance from over 25 of the leading UK lenders

Aldermore Shawbrook Positive Cashflow FinanceRBS Invoice FinanceClose Invoice FinanceSecure Trust Bank
Members of
ABFA logo

First Financial 110 Cannon Street, London EC4N 6EU - Tel: 020 3005 4200 - Fax: 020 3005 4400

First Financial is a trading division of FRP Advisory LLP. FRP Advisory LLP is incorporated in England and Wales under the Limited Liability Partnerships Act 2000 as a Limited Liability Partnership. Registered office: 110 Cannon Street, London EC4N 6EU. Partnership Number: OC355680.

© firstfinancialuk.com