Mr. Stevens, our esteemed client with 11 years of prosperous experience in the foundry business, seized a golden opportunity to acquire a castings engineering business. The owner of the target business faced severe financial challenges due to a divorce settlement, creating a strategic opening for Mr. Stevens. Recognizing the synergy between the businesses, this acquisition promised significant expansion prospects and operational cost efficiencies.

The comprehensive sale package encompassed not only the freehold property but also substantial fixed assets, machinery, raw materials, and a portfolio of debtor invoices totaling £150,000. Moving swiftly, we initiated negotiations and secured an agreement in principle. Within a remarkably efficient three-week timeframe, we coordinated valuations for the property, conducted a thorough inventory assessment, and audited the sales ledger. With these critical steps completed, solicitors were engaged, paving the way for the subsequent stages of the acquisition process.

In a decisive move, our team facilitated the provision of a comprehensive business loan exceeding £1 million for Mr. Stevens. This financial package covered a 30-year term commercial mortgage, a 5-year asset finance component, and an 80% non-recourse factoring facility specifically designed to manage the sales ledger and recover existing debts. Empowered by this financial support, Mr. Stevens successfully concluded the purchase within an impressive two-month period from the initial contact with our team.