Traditional values : Modern solutions

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Solicitor firm - Professional introduction

Sector: Legal | Value: £80,000
Equipment type: N/A | Term: Up to 12 months

Client required to spread tax related outgoings over an extended period to preserve cash flow.

Problem

An existing client was looking to spread their upcoming Tax & VAT payments as cash flow was constrained due to the Christmas period - fee collection typically slows and trading days are shorter.

Approach

Working with the management team and their accountants we were able to tailor competitive funding solutions. This enabled the client to spread the lumpy tax payments to provide both breathing room and improved cash flow management going forward.

 Solution

A combined £80k Tax & VAT loan was sourced spread over 12 & 3 months respectively, supported by a personal guarantee from both directors.