Helping this Drainage Inspection business raise working capital funds.
Equipment Refinance
We were introduced to a drainage inspection company, delivering sewer renovation, CCTV solutions and drain repair services which needed to raise additional working capital.
The business had historically grown by acquiring another operator, enabling it to serve clients across the South West, West and East Midlands. Having entered into a CVA, with a consequent change in payment terms from their debtors, the Directors identified a need to increase the availability of their working capital realised that the historic investment in equipment meant that equity could be released from this. However, due to the CVA and the high volume of specialist, smaller items traditional lenders were unwilling to assist – that’s where we were different.
The introducing finance broker commented This deal wouldn’t have happened without Genesis Asset Finance. Other funders were unwilling to consider the assets Genesis refinanced and understand the nature of the business; I don’t believe that anyone else could have structured an appropriate funding package.
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We’re here to help
Welcome to Genesis Asset Finance in association with the British Business Bank.
We’re pleased to support you on your access to finance journey – designed to help your business explore potential suitable finance options.
You’ve been directed here by the British Business Bank Finance Tool because we may be able to support your business with relevant finance solutions. This page introduces our services and outlines your next steps.
We are Genesis Asset Finance, and we support businesses in England and Wales offering Hire Purchase or Lease facilities for limited companies acquiring vehicles, plant and machinery or other ‘traditional’ equipment.
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Disclaimer: The British Business Bank’s guidance pages are intended to provide general information only. You should always seek independent professional advice before making any financial decisions.