Case Study: Refinance deal releases funds for Print business

Having growth ambitions but being unable to realise them because of a lack of available capital is a problem many firms face. Find out how the Print team at Close Brothers Asset Finance used a refinance

Deal To Help

their customer…

Customer background

Our customer is a print and signage specialist - over the past few decades they have grown to become one of the largest in their sector in the UK, providing both printing and packaging services to various key industries.

Opportunity

One of our customer’s primary sectors had experienced significant recent growth and an opportunity to introduce more sustainable packaging was identified.

A number of reasons required them to bulk buy to ensure a minimal impact on production timings while also meeting their expansion plans.

We met with the customer to understand their needs and look at options to ease cashflow while releasing capital into the business to make the necessary purchases.

Solution

A refinance deal to settle an existing agreement was proposed, which also raised significant capital. The refinance deal also took into account the value of a printing press the business already owned.

Outcome

Through refinance, our customer was able to maximise the value of their high value asset back into the business, giving them extra cash flow to help with their growth plans

Adam Baldwin, Area Sales Manager, said: “It was a pleasure to work with them to free up cash flow from their current assets, which helped with their growth and expansion plans. I look forward to helping them and other firms grow in the future.”

Customer quote: “When we asked Adam for an extra cash injection to help with the uplift in raw material costs he was able to see the opportunity to restructure the existing agreement against our Heidelberg Press to release the capital and maintain payments at the current level. This has enabled us to manage outgoings to a level allowing us to re-invest in new equipment in the new year to continue our expansion and growth.”