CASE STUDY
Confidential Invoice Discounting
Northeast Company providing heating and ventilation systems approved for a £200k facility
BACKGROUND
Our team were approached by a c.£700k p.a. heating and ventilation systems company that was seeing significant growth, but because of the sector, had been unable to secure funding for growth from their bank.
They tried to look for funding from the wider lending market but got bogged down in their search for funding and found the process painful and fruitless.
Following a meeting with the Kudos Commercial Finance team, they were presented with a number of suitable funding options for their business growth needs.
OUTCOME
The Kudos team were able to get approval on a £200k facility for the client with one of a large panel of CID lenders.
CASE STUDY
Confidential Invoice Discounting
Labour Services Company Approved for £500k Facility
BACKGROUND
Our team were approached by a c.£6m p.a. labour services company that provided workforces to commercial businesses and local authorities. The company had been hit hard by a recent bad debt and had entered into an IVA.
Following the approval of the CVA the encumbered funder requested the repayment of their loan facility. The team at Kudos searched and then submitted for a CID facility to repay the loan and also provide an injection of cash to help with the clients’ working capital needs
OUTCOME
The Kudos team were able to get approval on a £500k facility for the client with one of a large panel of CID lenders. This significant facility provided better access to cash flow for the client to allow their business to make vital creditor payments ongoing.
CASE STUDY
Asset Finance
Asset Finance of £150k secured against 7 brand-new vans for Civil Engineering company
BACKGROUND
After being let down through usual supplier channels, the client came to us looking for 7 small vans with rear seat conversions.
Following a meeting with the Kudos Commercial Finance team, the client was presented with a number of suitable funding options for their asset funding capital through our lending panel.
OUTCOME
We secured the £149,900 needed to purchase and convert the vans and we organised the rear seat conversions through our contacts.
CASE STUDY
Asset Finance
Over £100,000 of Funding Secured for Utilities Company to purchase 5 Staff Welfare Units
BACKGROUND
A large utility company client needed 5 welfare units to provide better facilities for staff on site. The client had already sourced the assets and came to Kudos in order to organise the funding.
OUTCOME
We secured funding line with a lender enabling the supplier to be promptly paid, so the client could get the asset in use as quick as possible, leaving them fully satisfied with our service.
CASE STUDY
Business Loan
£95,000 loan secured for theatre business to help with updating facilities to capitalise on boom after lockdown.
BACKGROUND
Our team were approached by a client in the hospitality and theatre industry.
Once they opened after the UK lockdowns, they decided to invest in making facility improvements and capitalise on the opportunity they faced from increased theatre visitors.
The Kudos Commercial Finance team were, again, able to find this client the perfect business loan solution…
We secured the client a business loan that was secured based on a percentage of future card terminal transactions. When they are busy they pay back more and less when they are quiet. The perfect flexible loan solution that repayment levels flex inline with your business sales.
OUTCOME
A fully flexible and matched Business Loan of £95,000
CASE STUDY
Business Loan
Metal Fabrication Business £40,000 Loan Facility Secured by Kudos Commercial Finance.
BACKGROUND
Our team were approached by a small Metal Fabrication business with an annual TO of c.£250k p.a. They had just successfully won a new contract that would increase their annual TO to £400k.
The client needed a business loan of £40,000 to help with setup and material costs to satisfy the new contract. Their bank declined their application because they had only been trading for 2 years and had only filed one full set of accounts.
They approached the team here at Kudos Commercial Finance and we searched the entire market for the right profile of Loan and Lender to best match this client.
OUTCOME
We secured a £40,000 loan based on a 12-month repayment plan with the option to settle the loan early, without penalty. This option suited the client perfectly, given the nature of their new contract of work.
