Looking to the future with confidence
The sheer number of different funders and commercial finance products to choose from nowadays can make it harder than ever to find the right combination for your business without sufficient insight and expertise.
One of our clients found this to their disadvantage when they approached a funder about switching their existing facility to them. Unfortunately, the business fell outside the funder’s appetite, and the relationship with their existing funder had deteriorated to the extent that the facility wasn’t providing sufficient support.
Determined to help find a solution, the funder which was unable to assist referred the company to Hilton-Baird Financial Solutions.
As a finance broker with expertise across the commercial finance market, we were able to introduce three funders who would be able to step in and provide the required level of support. After careful consideration, their Director chose the funder he felt was the most approachable and which took the time to understand their requirements.
Further complications
When the company was introduced to Hilton-Baird, it was already in discussions with an accountant regarding significant VAT and PAYE arrears.
After being so impressed with the value we were able to add to their funding search, however, we were asked to help the business address these issues, too. We therefore introduced two Insolvency Practitioners, one of which the Director decided to proceed with to undertake a pre-pack administration.
Now trading under a new name and with the aid of their new funding facility, the company is now able to look to the future with renewed confidence.
If your attempts to secure a new finance facility aren’t working, contact our award-winning team to find out how we can identify lenders that understand your business. Call 0800 9774833 or request a call back today.
