We are delighted to announce the details of a client, which we’ve funded with a £150k CHOCS facility to assist a management buy-out:
- Tool fittings manufacturer
- £150k CHOCS facility
- Finance required for Management Buy-Out (MBO)
The client required a £150k Client Handles Own Collections Service (CHOCS) facility to provide finance for a previous director to buy the company outright.
If you’d like to find out more about what a CHOCs facility is, or if you’re wondering about invoice finance terminology, why not see our glossary here.
We wish the company every success!
Funding for transactional deals
MBO’s enable managers or directors of a company to acquire its control, a measure often used to prevent previously-struggling businesses from entering administration or even liquidating before then allowing it to build up and begin successfully trading once again.
Skipton Business Finance is able to fund transactional deals like MBO’s and MBI’s by providing invoice finance facilities with increased levels of funding, helping to ensure the buy-out is fruitful and a success.
Invoice finance is a great way to inject extra capital into MBO’s and ensures the new business has the necessary cash to give it a bright future.