Asset purchase price: £13 million
VAT loan: £2.6 million
Having beaten some stiff competition to purchase a former department store, an experienced developer needed a VAT bridge arranged at speed to enable them to meet the tight completion deadline.
By arranging the loan and overseeing the VAT recovery process, the developer was left free to concentrate on the project.
Asset purchase price £220k
VAT loan: £44k
At a time when liquidity was essential to the business, the client needed to proceed with the purchase of an expensive piece of farming machinery. However, given the short window of opportunity in the harvest season, time was of the essence. By helping them to fund the VAT element of the purchase and manage the recovery process, the business was able to proceed with this large capital purchase at the time that they needed it.
Asset purchase price £545k
VAT loan £109k
A manufacturing company urgently needed to purchase additional stock to ensure that they could continue to meet their supply chain commitments. However, with pressure on their liquidity and ongoing costs to meet, they couldn’t afford to tie up capital. By providing a VAT bridge facility and managing the VAT recovery process, they were able to deliver their commitments to customers on time.
Last updated: 22 November 2023 | © KIS Bridging Loans 2020