Plant Hire Business Funding Growth

We were approached by a specialised plant hire company that was looking to expand from a regional operator to a national operator. They required finance to supplement their cashflow along with finance to purchase new equipment to facilitate their expansion.

Due to the specialised nature of their assets not all lenders had an appetite to provide funding. Some lenders had even turned down funding because our client was looking to grow!

Because of our knowledge of the market we were able to refinance some of their existing hire stock which released cash into the business. This allowed them to continue with their growth strategy. We also secured funding lines with specialised lenders to allow them to fund the purchase of new hire stock.

With the funding now in place they are looking to grow their turnover from £2.5m a year to over £4m.

For independent best-practice advice call 0845 251 4040  or email finance@fundingsolutionsuk.co.uk