Mr L has a chain of children’s day nurseries and is actively expanding through acquisition of existing businesses but cashflow was tight due to a recent acquisition and development of a new facility. His business was finding it difficult to arrange further funding on commercially acceptable terms and needed some breathing space to continue to grow.
The business operates from a mix of both owned and leased properties and Mr L had £450,000 in pension schemes built up from his years in prior employment.
PLF were able to implement a solution that allowed Mr L to purchase property worth £450,000 from the business which had the effect of injecting £450,000 of cash into the business to continue funding the growth of the Company without having to go through the underwriting process of a lender and add the pressure of further loan repayments.
