In the changing air of the seasons, there is a palpable atmosphere of uncertainty being felt by SME’s, and an undeniable feeling of ‘wait and see’ about the next few weeks.
However, the businesses we are communicating with, are in fact remarkably positive and bullish about the future.
Surprisingly, the main concern across a wide range of Industries is actually recruitment… SME’s are concerned with the need to acquire quality and newly experienced staff and importantly how to retain them.
Businesses are clearly exacerbated by the lack of progress and decision making over Brexit, but in our view, focus is predominantly placed on the elements of the business that they are able to control.
Having the right people in their business is what many perceive will see them through this challenging time.
Here are some of our recent success stories…
A local High-End Shoe Manufacturer – required funding for a new CNC Lathe.
This was a Sale and HP back agreement with a European supplier.
An Alloy Wheel Refurbishing Business – referred to us by the supplier. Successful in secure funding following some initial setbacks due to the age of the business. Directors Guarantees were required
An established Manufacturing business required refinance to raise Working Capital – we secured this in a few days and liaised with all parties on behalf of our client.
A Specialist Vehicle Transport Company required a rapid replacement vehicle. We successfully secured finance within 48 hrs – Asset was collected the same week.
Unsurprisingly we have seen the Asset Finance Market evolve in recent months.
A recent report produced by Praetura Asset Finance, showed a 56% increase in refinance deals written in the last 12 months.
