A West Midlands-based manufacturer supplying precision components to the automotive, aerospace/defence, and commercial sectors has secured a six-figure Asset Finance facility through Navigate Commercial Finance.
The business, currently in a turnaround phase, needed to generate immediate funds to purchase materials for a significant new contract. Introduced by their accountant, the company worked with Navigate to explore the best funding options.
A detailed review highlighted a key strength: the business owned a high-quality, unencumbered CNC machine. By refinancing this asset, the team was able to release substantial free cash without impacting day-to-day operations.
Despite the turnaround context, robust financial forecasts and the quality of the asset enabled us to secure a specialist lender who bought into the company’s recovery plan. Importantly, the facility was structured without any personal guarantees from the directors.
From initial discussions to funds being released, the entire process was completed in just two working weeks. This timely injection of capital has allowed the manufacturer to commence the new contract on schedule and create significant additional value for the business.
This outcome demonstrates the power of playing to strengths and leveraging quality assets to deliver fast, supportive funding during critical growth and turnaround periods.
