Britain’s Companies Need Capital to Grow. But 1 in 3 Applications Fail.

According to a recent survey by Bibby Financial Services, UK businesses are generally unable to secure funding that they need to grow.  

Bibby’s survey of 1,000 SMEs, found that one in three firms have been unable to secure finance in the past 12 months, with just 9% receiving the amount of funding they applied for. Of the firms which applied for funding, only 19% were able to raise what they described as, the necessary level of capital to invest in their business.

With this shortfall in mind, Cheswick can provide working capital, equity and loans from our own sources, turnaround funds and from our network of high net worth individuals to suitable applicants.

If you have a working capital problem, or if you have a “subprime” company, (which simply means that your company is not deemed to be a prime lending risk by the high street lenders) we may have access to financial products that are not available from those banks, even if they would lend!

Some of the more unusual products are listed below, perhaps these could help your company?

Spot factoring of single invoices from £1,000 to £100,000. This can be provided alongside existing facilities or where normal factoring companies cannot lend. Can’t fund a good new order? Even when your customer (the debtor) has a good balance sheet? Try us we may be able to fund this for you. The product can be bespoke to your situation. Normal security requirements such as a debenture may be required.

We can arrange for emergency invoice lending to “take out” bank debt or invoice finance where the relationship has clearly broken down. In as little as 3 days we can remove an existing lender and replace them with fast, high quality factoring / invoice discounting providers. Don’t let banks bully you into administration, control the banks with our flexible and fast moving providers. We can also advise on pre-pack, CVA or other restructuring tools that can be used alongside this product.

Credit/debit card loans. Quite common now, these providers can advance a loan of up to 8% of your future ANNUAL credit/debit card receipts. The loan is paid off over time as receipts come in.

VAT smoothing loans, for smaller companies. If you cannot meet the VAT payment coming up, please talk to us, we can provide small secured loans, which are repayable over 3 months. This can be a lifeline for a short term cashflow problem. We will require security in the form of a debenture. This product is only available to limited companies in the UK and to a maximum of £7,500 for first time clients. Follow on VAT loans are available in the appropriate circumstances.

Turnaround finance

Call 020 7416 6677 and let's see if we can help you, all enquiries are of course, strictly confidential and we can provide confidentiality agreements if required.