Location: Lincolnshire
Funding: £74,000
Construction: Construction

 

The Challenge: The customer was faced with a £74,000 Corporation Tax bill. After recently winning some large contracts, a large proportion of the customer’s money was already tied up in various projects. Whilst they had sufficient funds in the bank, the opportunity of using this working capital in other, more important areas, would have been lost.

The Solution: Charles & Dean approached a variety of lenders on their lending panel to have the best facility agreed. We arranged an unsecured loan for the customer to pay back over a 12 month period, aligned to the needs of the business.

The Result: This gave the customer the opportunity to run their business as before, as taking out the loan as opposed to paying in full, improved their cash flow immensely. It meant that they were able to seize opportunities which the company faced the following year as they were not strained by using the previous year’s cash resources. It also meant that when the next Corporation Tax bill was due, the customer was in a much better position to pay.

Charles and Dean Ltd is a member of the National Association of Commercial Finance Brokers and is authorised and regulated by the Financial Conduct Authority.

Charles and Dean Limited is a credit broker and not a lender. Charles and Dean Limited operates with a panel of lenders from whom we may be paid a commission.

Registered address: Willoughby House, 2 Broad Street, Stamford, Lincolnshire, PE9 1PB. Registered in England & Wales. Registration Number: 07924225.

Copyright Exists © Charles & Dean all rights reserved

 

Terms of Business  |  Disclaimer   |   Complaints Procedure   |   Privacy Policy   |  Summary of Terms of use

Website designed by: bluetonik.co.uk