One of our long-standing clients, a North Wales-based plant hire company, approached us after 8 years of working together to explore refinancing options for a tractor and additional plant machinery. With rising machinery costs and increasing fuel prices putting pressure on their cashflow, they required a solution to stabilise their financial position while maintaining operations.
Highlights
✅ 8-year repeat customer relationship
✅ Refinance of tractor and plant machinery
✅ Lower monthly repayments secured
✅ Equity released to support maintenance and cashflow
✅ Support provided during rising fuel and equipment costs
The Challenge
The client was experiencing growing financial pressure due to the increased cost of machinery and ongoing fuel price rises. These factors were impacting their cashflow and limiting their ability to maintain equipment effectively.
To manage costs, the business had already adjusted its asset policy, choosing to retain machinery for longer periods rather than frequently upgrading. However, this shift created a greater need for ongoing maintenance funding, further straining cash reserves.
The Solution
We worked closely with the client to refinance their existing tractor and plant machinery.
By restructuring the finance, we were able to reduce their monthly repayment commitments while also releasing equity tied up in the assets. This provided the business with immediate access to funds without the need to acquire additional debt facilities.
The released capital was specifically used to cover maintenance costs and provide additional cashflow support, helping offset the ongoing rise in fuel expenses.
The Outcome
The refinancing solution delivered immediate financial relief through reduced monthly payments and improved liquidity.
With access to additional working capital, the business is now better positioned to maintain its machinery, operate efficiently, and manage rising operational costs, all while continuing with its revised strategy of holding onto assets for longer.
This case highlights how refinancing can be an effective tool for established businesses looking to improve cashflow and adapt to changing economic conditions.
Speak to our Finance Specialist…
Natalie Brighten
Account Manager
Mobile: 07926 279 697
Office: 01908 039 489