Traditional values : Modern solutions

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Wedding venue in Wales - Professional Introduction

Sector: EVENT VENUE | Value: £48,000
Equipment type: VAT FUNDING | Term: 3 MONTHS

This wedding venue needed a cash flow boost and Bathgate were happy to help.

Problem:

Recent acquisition to increase the room capacity of the luxury wedding venue left cash flow tight and in need of a boost.

 

Approach:

We identified they had a VAT return due for payment that month, which they had budgeted for and set funds aside to pay.

 

Solution:

An unsecured VAT loan repayable over 3 months with directors' guarantees taken from the the two directors was arranged, allowing them to keep the cash set aside within the business.