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Archive for 2020

The Greenfield Group

Saturday, September 12th, 2020

In 2002, The Greenfield Group Ltd went through a period of reorganisation in all six of its different businesses. The manufacturing business needed significant specialist capital expenditure and it was to XL Business Finance that Group Financial Director Simon Nichol turned for help with the task of organising bespoke business finance.

In the intervening years XL Business Finance has arranged lease purchase and finance lease for various capital projects.  Frequently market tested, XL Business Finance as an independent finance broker has consistently proved to provide the best possible deal from a range of financial providers.

The Greenfield Group Ltd is now a thriving and profitable international business with operations in North Wales, China, South Africa and the United States. The Group has rationalised into 3 distinct separately managed businesses with worldwide customers and supplies; the diversity of the Group has helped it to thrive even during the most testing of times.

XL Business Finance has also provided important financial advice in other areas of funding which has helped in the development of the business.

The Greenfield Group Ltd has an ongoing programme of capital investment in all areas of the business to take the Group to the next stage of its development. The Group intends to capitalise on the various worldwide opportunities which continue to present themselves and XL Business Finance is delighted to be part of the Groups plans.

“XL Business Finance continues to provide best price funding solutions and we are happy to use and recommend them”.

Simon Nichol, Group Financial Director

Whitemoss Landfill

Tuesday, September 8th, 2020

Whitemoss Landfill approached XL Finance to help fund the purchase of additional machinery.  The company operate a landfill in Lancashire and were looking for additional equipment to grow and increase capacity.  XL Finance worked quickly to source the best asset finance deal available and secured funding of £66,000 within 7 days.

A Quote was raised and agreed within 2 days. Docs were prepared and a meeting held within 5 days and funding received 7 days after initial contact.

12 days later another deal was done and XL hope to work with Whitemoss Landfill as a long term partner in sourcing finance.

“We wanted to finance the purchase of some additional plant and equipment at relatively short notice. We found Mark and the XL Business Finance team great to do business with. We had agreements in place very quickly and with the minimum of fuss. I would be happy to recommend their services to any business that values good customer service.”

Rob Routeldge from Whitemoss Landmill

Complemed Therapy

Saturday, September 5th, 2020

Complemed Therapy specialises in various therapies ranging from manipulative therapy, remedial massage, natural and nutritional therapy including food intolerance using a natural, drug free range of therapies with an aim to achieve a state of natural health.

“We approached our bank for funding to purchase equipment for our clinic, but unfortunately banks are not particularly quick on responding.  We have used XL Business before and found that they couldn’t do enough to help and the rest speaks for itself.  Brilliant”

Simon Harvey-Oates, Complemed Therapy

Nitecrest

Sunday, August 30th, 2020

“Nitecrest have been using XL Business Finance to fund its capital expenditure since the business started trading some 10 years ago. As a new start business XL Business Finance were able to arrange finance for two large machines costing around £200k each. We continue to use them as they provide a high level of service and expertise. We would have no hesitation in recommending them.”

R A Hart, Chairman, Nitecrest Ltd

Bridging for property developer

Friday, August 14th, 2020

A South West based property developer contacted us about raising a large amount of finance to purchase a block of flats.

The funding was required urgently to avoid missing out on an opportunity.  The developer had a 30% deposit and only required short term funding due to the imminent sale of another property which would fund the flat purchase.

We arranged a bridging loan for the client and handled the entire application process.

Vehicle fleet funding

Friday, August 14th, 2020

Companies with large amounts of cash tied up in assets often use asset finance and asset refinance to raise additional funds.

XL Business Finance have over 2 decades of experience in this area and a wealth of funders offering competitive fees and special deals for specific sectors.

We always look for the best deal dependant on circumstances.  We recently arranged a refinance for company with a fleet of vehicles and the funding was used to grow and train the workforce, maximising capacity and growth.

Hotel renovation funded

Friday, August 14th, 2020

A hotel group approached us with a requirement for a renovation fund for some of their hotels.

We worked on a Business Loan package and secured almost £1 million of funding.  The funding was also used for brand development and marketing.  The business was able to repay the lending over 10 years and as a result the business grew from strength to strength.

Food supplier gets cash flow assistance

Friday, August 14th, 2020

A Cardiff based food supplier, relatively new in business, secured a contract to roll out their supply of food to a nationwide chain of hotels.

We secured a facility to generate cash flow to pay key suppliers on time for the ingredients and packaging thus allowing for further growth of the business as volumes increased.

The facility allowed the company to then have discussions with other hotel groups and they expanded the business rapidly.

Cashflow support for manufacturer

Friday, August 14th, 2020

When companies spend heavily on R&D, traditional lenders see them as heavy loss makers so therefore high risk.

Our manufacturing client secured a lucrative deal with a big customer but couldn’t satisfy the order due to lack of cashflow.  We arranged Pension Led Finance through the Director’s scheme, allowing the Director to draw down his pension as a company loan.

Telecoms hardware supplier

Friday, August 14th, 2020

Manchester based telecoms hardware supplier required a finance package after securing a deal with a major phone company.

The company supplied hardware to wholesalers and retailers.  They were in a high growth phase and needed cashflow support to allow further contracts to be won.  XL Business Finance arranged £100,000 Selective Invoice Finance facility to support their growth.

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