Who We Are
Primary Finance Group is an independent arranger of debt finance solutions for businesses ranging from SMEs to large corporate organisations.
We work with companies across most sectors and with a variety of requirements; from those looking to enhance cashflow, build and grow their business, including via acquisition/management buy-ins or management buy-outs, through to turnaround situations including prepacks and CVAs. We are Asset Based Lending and company debt specialists and Primary Asset Finance is proud to put this expertise to work on behalf of our clients.
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Our Clients
We work with companies of all sizes across sectors from heavy industry and manufacturing, to service providers including media, technology and advisory firms. Typically in the up to £50m turnover range, however, some of our largest clients have annual revenues exceeding £1bn. Our expertise is geared towards delivering a large range of debt funding from £10k to £10m+. Finance arranged for our corporate clients often extends to the £20m+ bracket.
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Case Studies
Automotive
Finance Required: £35m
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Facility Arranged: Asset Finance (Hire Purchase + Lease Purchase + Operating Lease.
Client: UK subsidiary of a multi-billion turnover global group. Single and dual
source key component OEM (original equipment manufacturer) – part
of global automotive supply chains for major motor vehicle producers.
Purpose: To facilitate the creation of new production lines and manufacturing cells for next-generation critical components.
Solution: Finance sourced from multiple funders on a planned basis, where each individual asset, or group of assets, was packaged and funded by an individual lender or finance company. Finance needed to be in place on time and in line with a complex implementation schedule.
Construction
Finance Required: £2.3m + £1.5m.
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Facility Arranged: Term Loans.
Client: Construction company.
Purpose: To facilitate the acquisition of two target companies.
Solution: Finance facilities arranged in support of the client’s strategy of building a construction group. Initial acquisition on target 1 was short term to facilitate a rapid sales process, subsequently refinanced out to a longer-term lender. Facilities delivered on a term debt basis supported by the historic/forecast revenues of the businesses.
Construction Related
Finance Required: £15m.
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Facility Arranged: Asset Based Lending – Invoice + Asset + Inventory Finance
Client: Product manufacturer into the construction sector
Purpose: Refinance of existing funder seeking an exit and provision of new, flexible finance facilities in support of a turnaround plan proposed by a new incoming management team with a proven track record
Solution: Flexible Asset Based Lending solution arranged from a funder prepared to deploy in a turnaround situation and back the plan proposed.
Facilities Management
Finance Required: £10m
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Facility Arranged: Working Capital Facility.
Client: UK subsidiary of a global facilities management group.
Purpose: To maximise availability of working capital and provide a liquidity buffer during seasonal peaks.
Solution: Off balance-sheet finance facility arranged with the capability to scale in line with forecast business requirements. A flexible cashflow solution enabling short term “cash advances” to be drawn down as and when needed.
Leasing
Sector: Leasing.
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Finance Required: Initially £5m (since grown to £100m).
Facility Arranged: Funding line to support own lease book.
Client: Leasing company
Purpose: Wholesale funding required to facility growth of finance company own leasing book.
Solution: Scalable funding line delivered from a funder with the capability to match the growth of the client.
Marketing
Finance Required: £40m (to date).
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Facility Arranged: Working Capital Facility.
Client: Multi-national marketing and public relations provider.
Purpose: To maximise availability of working capital thereby enabling a strong upward growth curve to be maintained.
Solution: Delivery of a flexible cashflow solution enabling short term “cash advances” to be drawn down.
Packaging
Finance Required: £1.5m.
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Facility Arranged: Revolving Cashflow.
Client: Packaging Producer.
Purpose: Acquisition finance.
Solution: Revolving Cashflow facilities deployed, enabling our client to unlock some equity investment to utilise on a further acquisition in support of a “buy and build” strategy.
Security
Finance Required: £3.5m.
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Facility Arranged: Invoice Finance + Term Loan.
Client: Security company – remote and on-site service provider
Purpose: Refinance of the incumbent funder seeking to exit, plus funding of the company during an insolvency process and financing for NewCo post Administration in line with management’s turnaround plan. Company insolvency was as a result of external factors unrelated to core operations and the business model.
Solution: Introduction of a new funder with the capability to replace the existing lender and finance the company through Administration and deliver expansion funding for the NewCo.
Wholesale Fruit and Vegetables
Finance Required: £8m.
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Facility Arranged: Asset Based Lending – Invoice Finance + Asset Finance + Term Loans.
Client: A purveyor of fruit and vegetables to restaurants and food outlets.
Purpose: To maximise availability of working capital in support of planned growth and to ensure improved matching of finance facilities with return on investment.
Solution: Refinance of existing bank lending with a new structured Asset Based Lending facility with increased quantum and improved repayment basis thereby easing pressure on cashflow.
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