Waste business receives £700k funding package facilitated by PMD

The Challenge

A UK based business operating in the Aggregates and Waste industry were enjoying a period of strong growth and a record year in terms of revenue and profitability. However, this led to additional pressures on working capital and cash flow.

The Solution

Identifying the issue, the client reached out to PMD to get a better understanding of the options that would be available to them to be able to continue on an upwards trajectory with minimal disruptions or concerns. Following an in depth review of both existing bank facilities held by the client and additional options available within the marketplace, PMD identified that the customer had a number of unencumbered assets.

With this knowledge, PMD were able to raise equity against them and secure a £450,000 asset refinance facility over a 5 year term. In addition to this, a £250,000 commercial loan facility over 5 years was facilitated.

The Result

The funding secured by PMD enabled the client to release working capital into their already successful business, ensuring that they could continue growing at a steady pace without concerns for cashflow and with no impact to their existing banking lines.

"We were delighted to support this client with these facilities, again demonstrating our flexibility and ability to deliver competitive facilities within a short timeframe – noting we were able to complete a benchmarking review, arrange credit approval and drawdown of a significant sum within just 2 weeks. In this circumstance the client was keen to not impact existing banking lines and we were pleased to achieve this objective. The old analogy of ‘cash is king’ rings true as despite the client enjoying a fantastic year, business owners must be wary of not putting strain on finances to ensure they have sufficient liquidity and ability to navigate trading cycles."