We found a VAT funding solution for this hospitality business.
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.
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.
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.