DAVENHAM ASSET FINANCE
enquiries@davenham.co.uk
Call us 0161 832 8484
  • 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

Case Study: Engineering Company

The client need

Introduced to us by a business consultant contact, the Sussex-based client required £400k, raised through the refinancing of over 80 assets for the new management team to purchase the shares of the business to fund a Management Buy In, provided by us in the form of a Sales & Hire Back Facility.

The original directors were looking to retire, having set up the business 40 years prior and built it up to a £multi-million turnover company. The new management team we’re looking to take over the business and continue its sturdy growth and success but required the funding. The refinance involved over 80 different pieces of engineering equipment to enable them to raise the required funding with their bank providing the remaining balance,together forming part of the overall capital to be raised to ensure the purchase price could be met.

 
The Davenham solution

We worked with a long-term contact and renowned Asset Valuation company to undertake detailed valuations which included visiting the premises in East Sussex and inspecting. We obtained clear title to the assets concerned highlighting additional challenges due to the age of certain assets, however we also had to deal with sensitivities surrounding the sale of the business whilst staff were not aware, meaning we could not simply call the finance team for invoices for example. To manage this sensitivity, we made sure our team only dealt with the management team to respect their wishes.

When it came to the lawyers, we worked on drafting and negotiating the SPA to include warranties within the sale to minimise risks following the funds being released.
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
Tweets by DavAssetFinance
Register here to receive asset finance news
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