A haulage company based in Northamptonshire secured funding to allow existing employees to purchase the shareholding of the company.
Whether the purchaser is looking to acquire a business by way of MBO or MBI, Skipton Business Finance will happily provide the funding required to help purchase the shareholding of the company.
In 2015, the business owners decided to step down from the business and as a result, pre-existing employees decided to buyout the business. An EFG loan alongside a £500,000 Invoice Discounting facility in this case allowed the owners complete the management buyout successfully. The business has remained with Skipton Business Finance, allowing the business to run smoothly with no cashflow restraints.
Since working with Skipton Business Finance, the business has seen both its employees and turnover double enabling it to continue providing an excellent service to its customers nationwide.
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At Skipton Business Finance, we offer the following types of Invoice Finance: