A successful marquee hire company required finance to fund it’s expansion. Our client is well established and well known in the industry and specialises in high profile sporting events and celebrity weddings. It is imperative that they have the right type of equipment to promote the business.
They had an asset finance requirement for 4 new trucks and some new marquees with a purchase price of over £450,000. They also had concerns over what impact their rapid growth would have on cash flow.
We were able to source asset finance solutions to allow them to purchase all the vehicles they required and the new marquees. In addition we also structured an invoice finance facility to fund cash flow with an £800,000 limit to aid cash flow and reduce the risk of over trading.
By providing a cash flow funding solution the business was able to grow it’s customer base and profits considerably.