We know the problems, but Disaster Averted

  • Caithness Farmer
    • A Caithness Farmer was looking to purchase a second hand Massey Ferguson Baler which he could purchase now having got a bit of money in after the harvest. He specifically wanted a long repayment period and seasonal payments so he could pay for it each year after the harvest. We set up annual payments in advance over 6 years which ticked all his boxes and he was delighted.

  • Haulage Contractor - Western Scotland
    • We had a small Haulage Contractor in Western Scotland that ran 2 trucks but had gained approval from Vosa for an additional 2 trucks as they had won a new contract for civil engineering and tipping work from a quarry on a remote island in the West Coast of Scotland. He was wanting to buy a second hand tipper from a long established private company in the North of Scotland as they were wanting to sell their existing tipper privately whilst they waited for a new one. We were able to step in and help him - not only by sorting out the finance with the supplier being a Private company and not a recognised truck Dealer but we also deferred the Vat and let his business fund the truck over the 5 years that his contract was over. This worked in well with his cash flow requirements.

  • Aberdeenshire Farmer
    • An Aberdeenshire farmer was spending too much money on expensive fertiliser but could actually be more efficient if he could spread pig manure straight into the ground. Modern slurry tankers were able to help him achieve this and fertilise his land however a new slurry tanker was a large investment in the present climate at £62,000. We were able to sort him out with a minimal deposit, defer his vat and spread the cost over 7 years which worked well into his cash flow. His accountant was also able to take advantage of the boosted 130% First year writing down allowances.

  • Shetland Plant Hire Company
    • We as a Company boast that we do business all over the UK and that is true. I am currently working with a Shetland Plant Hire company buying a second hand digger again in a private sale situation from another Shetland company we currently deal with. Our customer is based in Shetland's most northernly island of Unst. This will undoubtedly be our most Northern customer but then again Unst is further north than Oslo in Norway !!!!

  • Hampshire - New Holland Tractor
    • An Existing customer down in Hampshire was looking to buy a second hand New Holland Tractor at an Auction in Aberdeenshire. He has had to travel this far to find the right tractor at the right price. He heard about this "closed sale" from a contact of his as a farmer was selling up his farming business. We talked to our customer and got all the details to set up an Approval in advance so that he knew what he had to spend whilst bidding at the auction and when he secured the tractor as the winning bidder, we were able to put the finance in place immediately with no delays in the auction house getting payment and our customer was able to gain quick delivery of his purchase and put it to work quickly on its first job. With New and Used assets being very scarce just now our level of flexibility and ability to react quickly can assist customers who are perhaps looking to purchase in private sale situations or from Auction Houses. We of course handle finance where New and Used assets are being supplied by traditional Vehicle and Plant Dealers.

  • Bank removed overdraft facility
    • A customer called us in a panic after the bank gave them the devastating news that they were removing their overdraft facility with immediate effect. As many businesses do, they had utilised this facility for many years and had come to depend on it for ensuring cash flow was maintained. Removing their overdraft facility could have signalled the end for this long established family run business however the customer approached us for help and that is exactly what we did. Via one of our lenders, we were able to complete an application, get an acceptance and more importantly have the money paid in to the customers bank within 7 working days. We secured enough money to enable the customer to pay off the overdraft facility without any impact on the business and give them a working capital boost.

  • Customer gone out of business owing our customer money
    • One of our very good customers contacted us in December to say they were given the devastating news that one of their large customers had gone out of business owing them in excess of £100k. Our customer was relying on this payment to enable them to pay staff their Christmas wage. This was the worst possible news our customer could have received but they contacted Commercial and Asset for help. We felt the best way forward was to refinance assets to raise money. Our customer owned a number of items of plant and machinery and had several others which had small finance balances due. We cleared these small balances off and did one new loan for the company secured against these items of plant and machinery. Importantly the deal was concluded very quickly and the money was in the bank within 5 working days and this enabled the wages to be paid as normal without any impact to the business.

  • Young Business Looking To Expand.
    • We were referred to a new customer who had only been trading for 12 months and was looking to purchase a number of vehicles and plant and machinery to help with business growth. The customer contacted Commercial and Asset after his bank had refused to lend them money as they classed their business as too young. Fortunately we know a number of funders who are happy to help young businesses grow. We were able to secure funding through several funders enabling the assets to be purchased and at the same time building the customers credit history. Building their credit history stood the company in good stead. They have grown over the last few years purchasing many additional items of plant and machinery all funded quickly and easily by Commercial and Asset's panel of lenders.

  • Windows and Doors Company
    • A new client introduced to us by our dealer was diversifying and setting up a manufacturing facility producing windows and doors. They contacted their bank and another local broker but got no response, just questions. We got a straight acceptance for £250k and then a second lender did a second batch of machines for £300k. We have since done several more deals for this customer.

  • A Long Time Client
    • A client was buying a batch of equipment for a new production line. Although most of it was new the largest part which was worth £75k was refurbished and 2002, so ( 19 years old) We managed to fund the whole batch of machines over 3 years with a standard 10% deposit.

  • Coach Company
    • To meet the new regulations one of our coach customers required a psvar vehicle. They had an existing vehicle within the fleet which was ideal and decided to get a psvar conversion done. We were able to provide the client with the funding to cover the cost of the conversion even though the vehicle already had some finance. We fund Public Service Vehicles Accessibility Regulations and 70 seat vehicle conversions.