DAVENHAM ASSET FINANCE
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Case Study: Coach Company

The client need

After running a successful coach business for many years, personal circumstances meant the client’s previous business had failed and was facing the challenge of building a new business back up again from scratch. Despite winning numerous new contracts based upon his contacts in the industry, the customer was unable to obtain the finance needed to acquire a new coach through traditional routes due to trading and credit history and a non-existent current balance sheet.  The client was adamant he could make the business work and successfully replicate his previous business model that had generated material profits. He had the model, the contacts and the contracts he needed – but no coach!
 
The Davenham solution

The Davenham team was approached by a long-standing broker, assessed the various contracts and matched them to the new Scania Coach (cost £250,000) to ensure the cashflows worked, liaising with the client and broker throughout the entire funding process. We then secured the purchase of the coach and the connected contracts.  A “chicken and egg” scenario, however by working together we achieved the desired outcome to benefit all involved.
The client now has the coach working hard on multiple contracts and is looking to further expand his fleet. Following the completion of the deal, he told us:

“Davenham were great, they understood what I was trying to do and with a mixture of financial commercialism and a full understanding of the asset concerned, we got a transaction that worked for everybody. They worked with all stakeholders to ensure a smooth process throughout - It was so nice to speak to and meet people who were interested in me and my business, and most importantly just said it as it is.”
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