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Business Acquisition In 7 Days | An FTC Case Study

By freshthinkingcapital

Posted on 22nd April 2020

 

We were approached by an established entrepreneur who had started their business 13 years ago and built it up to a £120m turnover. The client already had a relationship and funding facility with a mainstream lender. Supporting the working capital of the current business backed by the business’s strong financial background.

Our client saw a huge opportunity to make several key business acquisitions. To expand the scope and profitability of the current business. The client first approached the bank, however, they were unable to commit further funds to support the acquisition at the pace required.

 

Where we came in

 

After meeting with the client and looking at the proposed acquisitions, we put together a package of funding tailored toward the business’s current circumstances. We provided the client with £1,000,000 to inject the funds into the business by way of a director’s loan. To complete the acquisitions and provide working capital to support the new businesses whilst the client put the improvement and integration plan into place.

Our funding complemented the client’s current facility. Giving them enough capital to make the acquisitions possible at the pace they needed to be acquired at. The client ultimately liked the flexibility that we could take security that was unrelated to the business and use personal assets to secure the funding. As the business had already leveraged a lot of their assets with the funding facility from the bank.

 

The result

 

After the acquisitions had been smoothly integrated into the main business, the forecasted increase in profits came true. Proving that the acquisitions were a great addition to the current business.

We work closely with all our clients’ ambitious plans. To ensure that not only do they receive the funding on time, but to ensure their access to funding is never restricted when the right opportunity comes around.

 

Funding Details

Loan Amount:    £1,000,000

Term:                12 Months

Timing:              7 Days

Security:             2nd Charge over residential property & Personal guarantee

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