This recovery company operating across Essex, Norwich, and Cambridge approached Moorgate Finance to restructure their fleet finance and support their expansion plans. Their goal was simply to reduce their monthly outgoings without slowing their growth.
The Highlights
✅ Refinanced the full £200,000 fleet at a lower rate and longer term
✅ Secured funding for three additional vehicles with no increase to monthly outgoings
✅ Helped improve the customer’s credit and access better-tier lenders
✅ Strengthened the relationship through onsite visits and hands-on support
✅ Enabled expansion while maintaining strong cash flow and high profit margins
The Challenge
The customer needed to refinance their entire recovery fleet, valued at around £200,000, to bring monthly payments down and make room for additional vehicles. Their operational demand was rising, but their existing finance agreements were holding them back- high repayments were restricting cash flow and limiting their ability to scale.
Adding to this challenge, the recovery business had a poor credit profile which meant they were either being declined or offered unfavourable rates by traditional lenders. This created a barrier to both refinancing the current fleet and adding the extra vehicles they needed to meet demand across their depots. They required a solution that would restructure their commitments, improve affordability and still allow for continued growth.
The Solution
Moorgate Finance stepped in to fully reassess the company’s finance structure and long-term goals. We secured a lender who was prepared to settle every existing agreement across the entire recovery fleet, allowing the business to consolidate its dept under a more sustainable and cost-effective arrangement. By securing a lower interest rate and extending the term, we significantly reduced their monthly payments and freed up working capital. At the same time, we arranged additional funding to release capital for three brand-new vehicles.
At the same time, we arranged additional funding to release capital for three brand-new vehicles. This allowed the business to expand its fleet immediately without any increase to the monthly outgoings. Alongside the refinance, we worked proactively with the customer to help improve their credit position, enabling them to access better-tier lenders not only for this deal but for future financing needs. To strengthen the relationship further, we visited the customer in person- and even had a chance to take their Lamborghini that we financed for a drive! The restructure allowed the recovery company to grow their fleet while keeping costs stable, boosting cash flow and enabling them to work toward opening their fourth depot.
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.