Client
A construction company seeking to reduce monthly scaffolding rental costs and improve cash flow.
Challenge
The client was burdened with high monthly rental costs for scaffolding materials, totaling approximately £17,800 per month. Their objective was to not only lower these costs but also to eventually own the scaffolding assets, thus improving their business’s cash flow.
Solution
Fundur stepped in to assist the client in achieving their financial goals. We leveraged our network of lending partners and worked tirelessly to secure a total loan amount of £285,000. This substantial sum allowed us to significantly reduce the client’s monthly expenditure while spreading the repayments over a more manageable four-year period.
Results
Thanks to Fundur’s intervention, the client’s monthly costs plummeted to a mere £7,527.03, resulting in substantial monthly savings of approximately £10,000. This translated to an annual saving of £120,000. Additionally, and perhaps most importantly, the client gained full ownership of the scaffolding materials upon completing the final payment.
Challenges Overcome
One of the significant challenges we faced was the tight timeframe. The client reached out to us just a week before the end of the month, and we had to act swiftly. Our team worked around the clock to ensure the timely settlement of the £285,000 invoices raised by the scaffolding goods supplier. This was critical to prevent any additional rental costs for our client, especially since these costs were due on the last working day of the month.
Outcome
With the successful implementation of Fundur’s solution, our client now enjoys an additional £10,000 in monthly cash flow. This newfound financial flexibility can be strategically utilized to foster further growth and expansion within their construction business.
Conclusion
Fundur’s ability to understand our client’s unique financial challenges and rapidly secure the necessary financing not only reduced their monthly expenses but also empowered them to take ownership of valuable assets. This success story is a testament to Fundur’s commitment to finding tailored financial solutions that drive business growth and success.
Founder of Fundur
Written by Max Spinelli
Max Spinelli, the visionary force propelling Fundur to new heights as your unwavering partner in achieving financial success.
With an unyielding commitment to excellence and a proven track record of curating bespoke financial solutions.
Founder of Fundur
Written by Max Spinelli
Max Spinelli, the visionary force propelling Fundur to new heights as your unwavering partner in achieving financial success.
With an unyielding commitment to excellence and a proven track record of curating bespoke financial solutions.
Max Spinelli, the visionary force propelling Fundur to new heights as your unwavering partner in achieving financial success. With an unyielding commitment to excellence and a proven track record of curating bespoke financial solutions.