Happy New Year from all of us at Navigate Commercial Finance Ltd! We hope you enjoyed the festive period and over-indulged like we did! 2022 brings with it a clean slate so out go the bad habits, and here’s to starting 2022 strongly!
Since our last newsletter a lot has happened at Navigate; we’ve rebranded, launched a new website, hosted (and just about recovered from) a fantastic launch party, and seen funding enquiries ranging from Invoice Finance, Cashflow Loans, Recovery Loan Scheme Loans, Asset Finance and Supply Chain Finance.
We’re delighted with how Navigate Commercial Finance has been received as a trusted partner to support clients of accountants, banks, corporate finance firms, restructuring advisors and interim consultants, so our strong start is largely down to your support – Thank you!
Paul Varley – Managing Director
So what’s in store for 2022?
From helping to finance MBO’s and M&A’s, to securing growth capital, to assisting stretched and distressed businesses with their urgent funding requirements, in the past few months we’ve seen it all.
In addition, since the reduction of government assistance, there has been an increase in activity from businesses seeking specialist funding solutions, whether that’s Invoice Finance, Recovery Loan Scheme Loans, Asset or Property Finance and pleasingly, plenty of lenders are hungry to back viable cases.
Concerns over high inflation, which is likely to continue for longer than originally anticipated, as well as ongoing Covid and supply chain challenges effecting most sectors, has led to many business owners deciding that even with cash reserves built up during the pandemic, it’s prudent to seek funding/finance options and retain a cash buffer. We are also coming across those seeking to expand their business or group who would prefer to hold a proportion of cash for future increased working capital requirements, and potential investments or acquisitions. As anticipated there has also been a significant number of businesses negatively impacted by the pandemic, however, many can now see brighter times ahead with the right funding support and guidance. In these scenarios we have utilised our knowledge of the funding market, coupled with our understanding of stressed businesses, to outline the options available and providing comfort that positive solutions can and should be explored.
Whilst we have assisted businesses across nearly every sector imaginable, the ones we’re currently seeing the most activity in are:
- Manufacturing: The plethora of exciting new projects in the region as well as the challenges faced in the industry such as increased energy costs and supply chain issues causing unforeseen delays.
- Construction: The usual funding challenges that this sector presents, coupled with sharp growth that certain businesses have experienced post lockdowns, compounded by the introduction of the VAT reverse charge.
- Wholesale: The challenges presented by supply chain disruption and credit limit reductions.
We are expecting 2022 to be an interesting year with an equal mix of opportunities and challenges for clients. As always, we’re happy be involved in early stage planning discussions in order to maximise the chance of securing the right funding solution.
In Focus
We received a client referral into a manufacturing business. Like most businesses the effects of Covid had eaten away at its cash reserves. With a swelling order book and exciting projects kicking off in 2022, it was clear the business required access to funds to help convert their order book into profits to rebuild their cash balances.
As the business was new to Invoice Finance, we walked them through the mechanics of how the facility would work and matched them with a lender that would be sympathetic to this. Supported by our understanding of the business and funding solution, the lender moved straight to survey which accelerated the credit underwrite process resulting in completion within four weeks.
We didn’t stop there… we introduced a firm of accountants who secured the ongoing compliance work with the client.
Rebrand
You may have noticed our brand subtly changed in the last month. We think that this fresh, modern and uncomplicated style fits nicely with our approach to doing business!
Let us know what you think of our website and LinkedIn page – also if you don’t already, please follow us on LinkedIn and of course, feel free to share with your network!
Launch Party
On the 25th November we held our launch party at Nude Bar and Grill in Birmingham. Everyone loved it, so thank you to the 100 guests for making this a special night despite the challenges of Covid!. Other than enjoying the large amount of alcohol consumed, we hope everyone made some useful contacts and enjoyed catching up with familiar faces that you may not have seen since the start of the pandemic.
As a little thank you to everyone that’s supported us, Nude Bar and Grill are offering you 25% off your total food bill* until the end of November 2022. Please quote ‘Navigate CF’ when booking.
*Excludes wagyu, lobster, caviar, oysters and Saturdays.
Contact Us
Should you wish to talk through the contents of this newsletter, or should you have a client that wants to understand what funding solutions are available to them, please contact Paul Varley on 07421 145 704 or by email at letstalk@navigatecf.com.