A crane hire company based in Scotland required financing to expand its fleet with a Liebherr 1090 crane. With growth plans in place and operational challenges, securing funding at competitive terms was vital to support both immediate needs and future investments.
Highlights of the Deal…
✅ Secured with Tier 1 funder and VAT deferral
✅ Achieved £10,000 saving vs. another broker’s quote
✅ Lower monthly payments than competitors
✅ Enhanced cash flow flexibility for reinvestment
✅ Client now exploring funding for a second crane valued at £980,000
The Challenge
The client faced several hurdles in acquiring the crane:
- High Capital Requirement – The purchase price was £650,000 + VAT, a significant investment for the business.
- Cash Flow Concerns – VAT payments were a concern, as the company needed flexibility to manage its working capital effectively.
- Credit Complexity – With another company still undergoing liquidation, traditional funders were hesitant, creating a barrier to securing financing.
- Competitive Market Rates – The client had received a higher-cost proposal from another broker, which risked putting additional strain on their monthly cash flow.
The Solution
We structured a tailored funding solution that addressed these challenges:
- Tier 1 Approval – By presenting the deal strategically, funding was secured with a Tier 1 lender, overcoming existing concerns.
- VAT Deferral to Support Cash Flow – A three-month VAT deferral was included, easing immediate financial pressure and improving liquidity.
- Competitive Finance Terms – A 60-month term was arranged with lower monthly payments than competitors, ensuring sustainable repayments.
- Cost Savings – The deal saved the client just under £10,000 compared with an alternative broker’s offer, freeing up capital for reinvestment.
Speak to our Construction Finance Specialist…
Natalie Brighten
Account Manager
Mobile: 07926 279 697
Office: 01908 039 489