Case Studies

ASSET FINANCE CASE STUDIES

Case Study 1

Bridle Asset Finance helped a grounds machinery company invest in new stock to help them expand.

Bridle Asset Finance were approached by one of their franchisees to help a leading excavator hire and sales company to grow their stock of excavator and digger attachments (buckets, breakers, grabbers etc.) for their rental operation.

Instead of a more traditional approach of a straight lend on the new equipment, we looked at the value of their current stock holding and suggested that refinancing would raise around £300k which they could use to buy new stock and expand their operation.

We gathered a current stock list of their rental inventory, including serial numbers and full descriptions with accompanying images. Our funding partner Ultimate Finance then assessed the asset list and agreed with the £300k valuation, and were happy to lend the customer that amount over a five year period.

In spite of COVID-19, we managed to conduct an asset inspection via photos but also sent a valuer to double check, making sure the funder and customer were both happy.

The funder advanced the £300k to the customer on a hire purchase basis, assuming title of the equipment until the last instalment of the five year agreement is made by the customer.

The customer immediately ordered an array of new attachments to enable them to expand and take advantage of an increase in building and construction activity.