The Situation
Our client had multiple cashflow facilities with multiple providers. He had experienced delays in debtor payments and fell behind on his re-payments. One of the private lenders was about to appoint a receiver. The client required funds in 7 business days.
The Solution
NWC secured our position via a first registered mortgage and a second registered mortgage over a number of properties, plant and equipment; a GSA over the construction company; and the client’s collection of exotic vehicles.
The Outcome
NWC was able to provide a single facility which allowed our client to repay all private debts and access cash out to assist in trading out of his dilemma. They were able to repay the NWC debt by selling some assets at market value, business trading and refinance. The business went to experience substantial growth through new contracts and moved into a better financial position.