> Case Studies

The following case studies illustrate some of our clients' experiences with Premier Independent Finance. Click on each heading to view.

Case Study - Printing Sector

	Background Our client, a large scale commercial printer in the West of Scotland, wanted to expand their business by purchasing new high tech digital print equipment. It was a move away from their traditional print methods and coincided with a group restructure. The restructure included the payment of lump sums to several outgoing directors. Problem and Opportunity In total, a funding package of £500k was required. Their existing bank had already refused the extra funding due to existing overdraft pressures coupled with perceived poor security offered by the new digital print equipment. The directors did not wish to provide additional personal security. Solution The key issue was in structuring a proposal which addressed the lenders concerns whilst also achieving the aims of the directors. A funding package was obtained from a specialist provider. This released equity in existing plant and provided additional funds allowing the client to purchase the new equipment. The funding allowed the group restructure to take place and the business move forward to a new chapter in it’s history. This was achieved without any additional personal security from the client.

Background

Our client, a large scale commercial printer in the West of Scotland, wanted to expand their business by purchasing new high tech digital print equipment. It was a move away from their traditional print methods and coincided with a group restructure. The restructure included the payment of lump sums to several outgoing directors.

Problem and Opportunity

In total, a funding package of £500k was required. Their existing bank had already refused the extra funding due to existing overdraft pressures coupled with perceived poor security offered by the new digital print equipment. The directors did not wish to provide additional personal security.

Solution

The key issue was in structuring a proposal which addressed the lenders concerns whilst also achieving the aims of the directors. A funding package was obtained from a specialist provider. This released equity in existing plant and provided additional funds allowing the client to purchase the new equipment. The funding allowed the group restructure to take place and the business move forward to a new chapter in it’s history. This was achieved without any additional personal security from the client.

Case Study - Food Sector

	Background Our client, a commercial food manufacturer in the West of Scotland had the opportunity to grow their business by acquiring a competitor. This involved the purchase of assets, staff & contracts of the target company. Problem and Opportunity A purchase price of £450k was agreed for the target company. The client encountered problems raising the required funds due to a difficult trading performance in previous years. This hampered their ability to raise the required capital. Solution The fundamental issue was in structuring a proposal based on the economic synergies of the combined business. There were economies of scale, cost savings and increased market share which, when presented correctly, would show strong lending viability for the acquisition. A £450k funding package was arranged involving asset finance & factoring debt through key lenders. The acquisition went ahead and the expected performance improvements have materialised.

Background

Our client, a commercial food manufacturer in the West of Scotland had the opportunity to grow their business by acquiring a competitor. This involved the purchase of assets, staff & contracts of the target company.

Problem and Opportunity

A purchase price of £450k was agreed for the target company. The client encountered problems raising the required funds due to a difficult trading performance in previous years. This hampered their ability to raise the required capital.

Solution

The fundamental issue was in structuring a proposal based on the economic synergies of the combined business. There were economies of scale, cost savings and increased market share which, when presented correctly, would show strong lending viability for the acquisition. A £450k funding package was arranged involving asset finance & factoring debt through key lenders. The acquisition went ahead and the expected performance improvements have materialised.

Case Study - Haulage Sector

	Background Our client, a family business, had been trading for many years when the founder unexpectedly fell ill. During his absence it was uncovered there had been a history of unpaid Vat and PAYE to the extent the business was facing a petition for administration. Problem and opportunity The client required £100k with minimum delay. This would allow preferential creditors to be settled and cashflow to be restored. The family approached their existing financiers however there was a reluctance to provide support. Solution Working in partnership with the family, an asset inventory was prepared. From this a presentation was made to a leading finance house resulting in a £250k package being put in place. This consisted of equity release on unencumbered assets, refinance of existing loans and a new credit line for future purchases. Administration was avoided and the business restored to a sound basis.

Background

Our client, a family business, had been trading for many years when the founder unexpectedly fell ill. During his absence it was uncovered there had been a history of unpaid Vat and PAYE to the extent the business was facing a petition for administration.

Problem and opportunity

The client required £100k with minimum delay. This would allow preferential creditors to be settled and cashflow to be restored. The family approached their existing financiers however there was a reluctance to provide support.

Solution

Working in partnership with the family, an asset inventory was prepared. From this a presentation was made to a leading finance house resulting in a £250k package being put in place. This consisted of equity release on unencumbered assets, refinance of existing loans and a new credit line for future purchases. Administration was avoided and the business restored to a sound basis.

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