Overview
Coast Asset Finance worked with Reward Asset Finance to arrange a £350,000 + VAT funding solution for the acquisition of two business-critical roadsweepers supplied by Dawsongroup. Despite the complexities of a recent business restructure, a flexible approach to the funding structure helped bring the transaction to a successful conclusion while supporting the customer’s cash flow and preserving working capital.
The Challenge
The customer required funding to acquire two roadsweepers essential to its business operations. However, having recently undergone a significant restructure, the business presented a more complex funding proposition.
Understanding its financial history alongside its future growth plans was crucial to developing a funding structure that addressed the customer’s needs while meeting the lender’s requirements.
The Solution
Working in partnership with Reward Asset Finance, Coast Asset Finance helped structure a solution tailored to the transaction.
Several elements helped bring the deal together:
- VAT deferral: Helped manage the immediate cash-flow implications of the acquisition.
- Preserving working capital: An existing asset was used towards the deposit, reducing the upfront cash contribution required from the customer.
- Flexible structuring: The funding structure and terms were adapted where appropriate to accommodate the business’s circumstances and support completion.
Through close collaboration and a willingness to explore practical options, Coast and Reward Asset Finance worked together to navigate the complexities and get the deal across the line.
The Outcome
The £350,000 + VAT acquisition was successfully completed, enabling the customer to secure two essential roadsweepers while managing the immediate financial demands of the purchase.
The transaction demonstrated the value of understanding the wider business context, looking beyond the asset itself and working collaboratively to develop a funding solution that balances customer needs with lending requirements.
A Collaborative Approach to Asset Finance
At Coast Asset Finance, we understand that every business has different priorities and financial circumstances. By combining industry knowledge, lender relationships and a flexible approach, we work to identify funding solutions that support businesses in acquiring the assets they need.
Whether you’re investing in commercial vehicles, specialist equipment or other business-critical assets, our team is here to help you explore your options.
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