Yorkshire Construction Company Spreads £60,000 Insurance Bill
Where it left the business
The client had their insurance premium settled in good time and was able to utilise cash flow to fund further projects and customers rather than being tied up on day one in insurance premiums.
Supporting facts
The ambition
For companies carrying out larger projects in complex situations, risks and hazards are the norm. As part of this, businesses in construction, engineering, manufacturing spaces often see large insurance bills to cover liabilities. A Yorkshire construction firm approached our team recently to help spread the cost of a £60,000 insurance liability over the year.
How the finance was structured
Our team quickly worked with the client to find a solution that minimised interest charges but was also cash flow friendly. Getting the balance right in this situation was critical.
What it made possible
The client had their insurance premium settled in good time and was able to utilise cash flow to fund further projects and customers rather than being tied up on day one in insurance premiums.
Client details are anonymised. Figures are the facility terms published for this case; lenders make their own credit decisions and every case is assessed individually.
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