DAVENHAM ASSET FINANCE
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Case Study: Canal Boat Rental Company

The client need

When looking to purchase a new vessel and give their office location a bit of a makeover, a canal boat rental company turned to Davenham for help in locating finances through their existing assets to fund their new ventures and keep their head above water. 

With access to a fleet of unencumbered boats, the company aimed to achieve finance in the region of £100,000 against these assets to buy a brand new canal boat suitable for recreational hire over weekly and monthly periods, and then carry out refurbishment of their offices and reception area. 
 
The Davenham solution

The deal looked challenging initially due to a complicated financial background and the complex legislation surrounding boat finance. However, thanks to the hard-working efforts of the entire Davenham team, and broker liaison by our regional Business Development Manager, the deal resulted in a simple and straightforward refinancing process.

At Davenham Asset Finance, we have built a reputation of commitment and trust for our brokers. For each of our finance deals we provide a bespoke service, and for this Deal of the Month, our team undertook specialist research enlisting the help of the Canal & River Trust and the British Marine Federation, in order to consider value of the client's asset and to assess overall risk.

It was full steam ahead, and from receiving the documentation to providing the payout Davenham navigated the legalities to complete the deal quickly for the client.
ASSETS FINANCED
• Construction Plant & Machinery
• Engineering Equipment
• Printing Machinery
• Manufacturing Machinery
• Agricultural Machinery
• Private Vehicles 
• Haulage Vehicles
• Bus & Coaches
TYPES OF FINANCE OFFERED
• Finance Lease
• Hire Purchase/Lease Purchase
• Refinance of existing assets
• Turnaround finance
• Short Term Funding
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Part of the Davenham Group  including  www.davenhamtradefinance.co.uk
Registered Office 55 King Street, Manchester M2 4LQ.
​Company Number 08356079
Davenham Asset Finance is not authorised by the FCA to conduct regulated business and thus can only provide asset finance and asset refinance solutions to non-regulated businesses.
Careers  |  Privacy Policy | Cookies Policy | Terms & Conditions
Website designed by The VIVIDesigner
  • WHAT IS ASSET FINANCE
    • Case Studies
    • Testimonials
  • MEET THE TEAM
    • Careers
  • ASSET FINANCE SERVICES
    • Asset Refinance
    • Vehicle Finance & Refinance
    • Construction Finance / Plant & Machinery Finance
    • Machinery & Equipment Finance
    • Agricultural Finance
    • Printing Equipment Finance
    • Machine Tool Finance
    • Recycling & Renewables Finance & Lending
    • Finance Lease
    • Hire Purchase / Lease Purchase
    • Short Term Finance
    • Turnaround Finance
  • BROKERS
  • NEWS
  • CONTACT
  • MORE
    • Treating Customers Fairly
    • Home
Assets Financed
• Construction Plant & Machinery
• Engineering Equipment
• Printing Machinery
• Manufacturing Machinery
• Agricultural Machinery
• Private Vehicles 
• Haulage Vehicles
• Bus & Coaches
Types of Finance Offered
• Finance Lease
• Hire Purchase/Lease Purchase
• Refinance of existing assets
• Turnaround finance
• Short Term Funding
Part of the Davenham Group  including  www.davenhamtradefinance.co.uk
Registered Office 55 King Street, Manchester M2 4LQ. Company Number 08356079
Davenham Asset Finance is not authorised by the FCA to conduct regulated business and thus can only provide asset finance and asset refinance solutions to non-regulated businesses.
Careers  | Sitemap | Cookies Policy | Terms & Conditions

Website designed by The VIVIDesigner