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Case Studies, Urgent Funding

£2m Funding Facility for North West Client

Our client is a property trading company, based near Chester and run by a senior management team with decades of experience in building societies, mortgages and property development.

The company delivers a residential property part exchange service – a proven model that is very popular with both home owners and construction companies. The business allows home owners, who want to purchase a house on a new development, to sell their house to our client at circa 10-15% below market value thereby at the same time securing their new home and still qualifying for the Governments “Help to Buy Scheme”.

Whilst successful, the company was hampered in terms of its ability to grow. As ever, the problem being a lack of significant working capital and a business model that traditional banks are unable to consider lending against.

Our client understood the huge potential of their business and approached Beer & Young to secure a significantly larger facility than they had been using via friends, family and local investors.

Investment and Outcome

We reached out to our investor network and focused communication on ten key investors who we knew had the knowledge and capacity to support the company long term. Six of these investors were extremely keen and met with the management team over a period of just two weeks.

Two investors stood out and agreements were quickly reached; a private fund provided a £2million funding facility and, in addition, another investor delivered a fast cash injection of £150,000 whilst the fund and client were undertaking legals.

Our client is now well funded, allowing the business to meet the growing market demand and accumulate profits for the benefit of the company long term.

a note from the client…

We approached Beer & Young and were delighted with the results produced. Simon Donegan, supported by Nick Young, was very clear and efficient from the outset and produced an excellent Business Summary which quickly resulted in a series of potential investor meetings. Our pitch was, in fact, oversubscribed. This made it easy for us to secure an excellent funding provider who matched our requirements totally. The whole process proved to be quick, professional and supportive. We would highly recommend Beer & Young accordingly.

Property Trading Company

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