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Case Studies
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See how VFS has helped these
businesses build, grow and invest
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Finance Restructuring
VFS worked closely with Hucknall Sheet Metal Engineering's Company Directors and Accountants to provide a comprehensive review of their banking and finance facilities to help grow their already extensive manufacturing facility. They also secured the support of the East Midlands Development Agency for a significant grant to the project... read more...
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Case Study - Finance Restructuring
Hucknall Sheet Metal Engineering Ltd operates from Bulwell in Nottingham. Directors John Paterson and Brian Simms left Rolls Royce over 30 years ago left Rolls Royce to begin a sheet metal fabrication shop principally for the aerospace industry. Over the period they were very successful and gained accreditation to AS9100 (Aerospace), NADCAP approval, have a good working relationship with Rolls Royce and other aerospace manufacturers and do Ministry of Defence work. They have built an extensive manufacturing facility including Trumpf CNC Lasercutting on models L3030 and a 5 axis machine complimenting their aged L2503 1.5KW which had been a stalwart since 1996. They also had a Trumpf Qualifier Measuring machine needed for the exacting requirements of the aerospace industry.
Hucknall directors had learned over thirty years where they had been consistently successful and knew they had to widen their reputation for innovation and quality in parts of the aerospace industry and needed to widen this to fit all of it and also the medical pharmaceutical, construction and food industries.
At the beginning of 2007 began a review of their manufacturing facilities and included their banking and funding arrangements. Hucknall decided to release aged equipment to release space and invest in the latest Trumpf Trulaser 2030 Laser cutter with its load and unload facility, a Trumpf CNC Press brake, and new plant to produce their own Nitrogen as well as and new marking and finishing equipment.
VFS worked with the directors and accountants David Rice & Associates to put facilities in place to purchase machines and gain the support of the East Midlands Development Agency for a significant grant to the project.
Hucknall Sheet metal Engineering Ltd are completing 2007 with the new equipment installed, increased turnover and profitability well spread debtors across several industries and a record order book.
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Commercial Mortgages and Asset Finance
This well established business came to VFS with a growing order book and a desire to grow their business accordingly. After fully discussing their options, VFS secured funding facilities at competitive rates to enable them to relocate to larger premises and invest in additional machinery... read more...
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IT Leasing and Vendor Partnership
VFS have successful vendor partnerships through creating technology leasing arrangements that continually add value and opportunity to vendor sales programmes. They look to assist businesses achieve their goals through progressive and cost effective financing that is designed to evolve with the client's... read more...
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Equipment Finance
Our client, an engineering company in the Midlands wanted to expand their business by taking on new contracts but required additional equipment to service the new contracts. In total the finance package required was £180,000. Their bank had already refused the extra funding due to a previous history of overdraft problems... read more...
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Cash Flow Finance
The client, a manufacturing company, had an annual turnover of £4 Million but had suffered from having amounts disallowed because of a heavy reliance on one customer at certain times of the year. The client had needed to take corrective action to keep the bank from recalling the existing borrowings... read more...
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VFS has placed hundreds of deals across all sectors of industry. To see how your business could benefit from our commercial finance services, contact us today.
Call Us Now
01543 251 869
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