The client faced significant challenges in managing their financial obligations. High monthly finance payments on a broad range of essential assets, including trucks, trailers, vans, dozers, excavators, skips, and forklifts, were placing considerable strain on their cash flow. 

This limited their ability to bid for and execute new projects, effectively stalling their growth ambitions. Furthermore, traditional funding options proved unsuitable, either failing to provide sufficient relief or imposing restrictive terms that did not align with the client’s operational needs. 

The company required a solution that would alleviate immediate financial pressures while supporting their long-term objectives.

FBX Capital identified a hire purchase refinance facility as the ideal strategy to address the client’s challenges. Collaborating with Close Brothers, a £1.5m asset-based lending facility was structured to refinance the client’s existing debt. 

This approach spread the payments over a more manageable term, significantly reducing the company’s monthly financial obligations. The facility was secured against the client’s assets, providing favorable terms and a level of assurance for the lender. 

By tailoring the refinance to the client’s specific financial and operational circumstances, the solution provided both immediate relief and a sustainable path forward.