Quarterly VAT Funding
A nationally recognised wholesaler of materials was looking to slowly reduce dependence on their ID line. In turn they required a facility supportive of working capital that did not require substantial security. The timing of the requirement created a very short-term need. The most appropriate facility was the spreading of that quarters VAT liability. Our lender offered £250k repaid over 3 months to allow funds preserved for the HMRC to be retained within their cash balances.