DAVENHAM ASSET FINANCE
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Case Study: Precision Engineering Company

The client need

A well-established precision engineering SME based in South Wales were introduced to Davenham Asset Finance by Steve Richardson of Funding Options. With over 20 years’ experience of high quality, high and low volume production, their directors had already made significant investment to ensure that their plant and equipment was capable of satisfying customer requirements in both quality and volume. When they approached Funding Options, they were at a stage of business where they needed to refinance multiple assets within the business to help generate further working capital. The team at Davenham headed up by Paul Burke, were considered the best asset finance provider for the business and introduced by Funding Options, given their experience, capabilities, and collaborative approach.

The Davenham solution

In addition to asset refinance for working capital, equity release was also required from a number of existing finance agreements, which required Davenham to set up a complicated transaction of a multi-funder consolidation into the deal. This provided the most convenient result, with all new repayments being managed by one central point - Davenham. Despite the complex nature of the deal, it resulted in a lend value of approximately £60k, with the entire process completed to the highest standard by the Davenham team through their flexible, partnership approach.

Davenham put in a high level of work, using their innovation and creativity to structure a deal to suit the needs of the business, which in turn made the course of the transaction much easier for the client - something of high priority to Davenham and Funding Options as the intermediary. The deal was a rewarding venture for Paul Burke at Davenham, knowing that the funds raised were used to thrust the business forward and allowing them to further establish themselves within their industry. 
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