Case Study – Asset Finance 

Background

HCF is a light haulage and transportation company based just outside of Cambridge but with a European network of clients.

The company also specialise within the art world working with private collectors, auction houses and museums. When dealing with highly delicate cargo, both storing and distributing its imperative to keep up with the latest technology for inventory purposes as well as within other areas of the business.

With over 20 years’ experience the founder and MD David Spittlehouse continues to grow the business and broaden their services.

Funding Requirement

Having been a client of Tower’s since 2015, David reached out to us to help fund the purchase of several items over the course of last 18 months. Keen to protect his cash flow but also to offer the best possible service to his clients, investment was required in new carpentry equipment for the storage side the business.

On top of this we also put in place a credit line to cover future needs on the IT front, again for the warehousing operation.

This way HCF can come back to us when needed safe in the knowledge the capital is there ready to be used when needed.

Summary

Tower can offer credit facilities either to be used immediately or over a course of several months, it all just depends on your own circumstances and requirements.

We can fund almost any type of equipment from £1,000.00 upwards and it’s this flexible approach to funding as to why David has come back to us several times over and continues to do so.