A long-established South East-based construction company specialising in scaffolding services for residential and commercial properties has secured a six-figure Asset Finance solution through Navigate Commercial Finance.
Despite a slowdown in the new house build sector caused by poor weather in Q1, the business has a robust pipeline of confirmed orders starting from the summer. To ensure seamless delivery, the company needed to bridge a short-term working capital gap to meet supplier and subcontractor payments.
A detailed review of the balance sheet revealed a substantial fleet of largely unencumbered vehicles. Our team structured an Asset Finance refinance that released equity from these assets to provide the required headroom.
Working collaboratively with both the incumbent lender and the new specialist provider, the fleet was successfully carved out from the existing debenture. The entire process was completed within three weeks, with funds released in time to support the upcoming surge in projects.
This timely solution has given the family-run business the financial flexibility to maintain strong supplier relationships and confidently deliver on its confirmed order book, keeping its growth trajectory on track.
