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Leading City Centre Hotel Developer & Operator - Professional Introduction

Sector: Hospitality & Catering | Value: £150,000
Equipment type: VAT FUNDING | Term: 3 MONTHS

We found a VAT funding solution for this hospitality business.

Problem:

A leading city centre hotel developer and operator had a short term need to spread the VAT payment for one of its most successful hotels.


Approach:

We were initially approached by a business consultant working for the group to discuss a kitchen fit out for a high end wedding and hospitality venue within one of their newly acquired city centre buildings. During this meeting we were asked whether we had a solution to help finance VAT payments and provide short term cash flow relief.

 

Solution:

A short term unsecured 3 month loan was arranged within 48 hours supported solely by Directors' guarantees. They have the ability to renew the facility quarterly if required.