As a commercial finance broker, it’s always a pleasure to be part of business growth. Over the last 12 months, we’ve continued to support a recovery company based in Essex, ready to take business to the next level. These guys started off as a sole trader but recently grew into a Limited Company, filing a profitable first year of trading.
The Challenge
This was a fast growing recovery company. Alongside that, new insurance and roadside assistance companies he’d partnered with meant the business now needed multiple 3.5 tonne vehicles to support business requirements. The needs of the new partnership were crucial to business development.
When we first spoke to this customer, they unfortunately had poor adverse credit that, to make things more complicated, he was unaware of.
The Solution
Despite the adverse credit, we managed to turn things around for the better. After talking through everything in-dept with the customer and working through their personal credit report, we managed to clear all the adverse credit and create a credit score that has grown ever since. Beyond the adverse credit, we were keen to help with his primary requirement – to secure several recovery vehicles.
We’re pleased to say that Moorgate Finance managed to secure not one, but multiple acceptances, for multiple vehicles!
Since gaining these vehicles, the customer has continued to experience rapid business growth. As a company, they have also extended working relationships with the insurance companies and roadside assistance businesses too. Now they not only operate within the Essex area but are also opening a new Depot in Cambridge.
Skip forward 12 months from when we first met this customer and we’ve now helped to finance 3x 3.5 tonne vehicles as well as a 12 tonne crew cab recovery truck.
The Highlights
- Turning around previous adverse credit and improving customer credit score
- Securing finance on not one, but four recovery vehicles in total
- Developed a long-lasting relationship with the customer
- Allowed the business to expand operations into another county.
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.