Industry: Waste Management Company Funding: £540,000 Location: Reading Product: 100% Funding & VAT Deferral The Challenge: Charles & Dean were approached by a Reading based waste management company looking to purchase a Wood Shredder. The client was already operating two wood shredders although they were unable to take on any further contracts due to the current machines working at full capacity. The client had identified a new Peterson 2710D Grinder imported in from America, which would allow for a much larger output and therefore open up opportunities to win more contracts and continue their growth. Their reservation towards purchasing the machine was the cash deposit required by their High Street bank. The Solution: We approached a number of lenders to ensure the best facility was identified and agreed. A deal was concluded based on 100% funding and a 3 month VAT deferral. The majority of funders valued the new shredder over £100k below the sale price, hence the large deposit required from the High Street banks. We utilised a debt free JCB Loading Shovel owned by the business to offer security to close the collateral gap, resulting in a 100% Loan To Value structure. The Result: Through this unique deal structure over £200,000 of cash flow was preserved, and the machine was put straight to work and was immediately income generating. The machine is now creating twice the revenue of their previous two shredders whilst also having the capacity to cope with a lot more work!