Mr Kennedy, North London
Mr Kennedy, a self employed plumber wanted to gain a 'Gas Safe' Qualification to help increase turn over and profits in his business. He also wanted new equipment, a new van, some working capital AND he was relocating from North London to the south coast. His property was on the market, but with his impending qualification Course fast approaching he needed to act fast. He asked us to raise £50,000 to help meet his requirements. His bank had turned him down, so to had his mortgage provider due to the nature of his capital raising and relocation. We duly arranged this within two weeks, enough time to pay for his course, and to assist with the other elements of his capital raising.
This client wanted to make a major investment in a franchise chain of retail clothing, and restaurants. He had three properties in central London, all mortgage free, but no cash in hand. His Bank refused to lend him the £1,500,000 that he required to make the investment. After approaching us via a referral from one of our existing clients. We successfully managed to obtain funding. The bridging finance was spread over all three properties, all within a very short time frame, which enabled the investment in his Franchising project.
This client wanted to improve and update a property in his buy to let portfolio. He had funds to start the work, but ran out of money half way through the project. With money tied up and no access for some months due to the nature of his savings, he turned to us. We immediately applied for funds that would help to complete the work and allow for any further contingencies. This was done and completed in a week, so that work wouldn't stop and the schedule was uninterrupted.
After divorcing his wife, Mr D was hit with a £120,000 divorce settlement. Lengthy appeals through the courts, and a bitter dispute led our clients to being within days of the courts possessing his home. He approached us with a 14 day eviction notice in his hands. 10 days later, funds were produced and he paid off the divorce settlement.
HMRC had been threatening to bankrupt this client after he failed to pay his long outstanding tax bill. He had a mortgage with a lender that due to the financial crisis was no longer is suing new loans. This meant that he could not turn to his lender for assistance to help repay the debt. Furthermore, as HMRC had issued default notices and a CCJ he could not remortgage with a new lender, as his credit rating had been tarnished. With the revenue now breathing down his neck and a looming bankruptcy petition, Mr M was referred to us. We got to work and raised enough to repay the taxman and give MR M a well earned reprieve!