Fulfilling HMRC Obligations
Clear Business Finance helps a multidisciplinary surveying business to spread an upcoming £242,250 VAT bill over a 3-month term, subsequently smooth cash flow.
The join shareholders of a multidisciplinary surveying business were facing an approaching realisation; due to recent shifts in short term liquidity, an upcoming VAT bill had the potential to drain away a large part of their working capital. Any projects currently in min-flow or upcoming investments would possibly be jeopardised.
To further compound this problem the relationship with their existing finance broker began to fall apart, they were experiencing a slow service and found the funding packages being presented to them were limited. This dilemma was drawing attention away from day-to-day undertakings and they ran the risk of facing a HMRC fine if payment was made late. They needed a competitive solution, and they needed it quickly.
Key Facts
The Results
As you can imagine this UK business couldn’t afford to waste any time, they needed to work with a provider who would prioritise their requirements & explore every viable solution, Clear Business Finance didn’t disappoint.
We understood time was of the essence and subsequently through our well established and trusted relationships with a wide range of UK lenders, we were able to secure our client a tailored credit acceptance within only a matter of days. The secured solution enabled them to spread their imminent £243,250 VAT bill over a 3-month term, helping to avoid large peaks and troughs in outgoings with manageable monthly repayments. Furthermore, no deposit was required and the HMRC would be paid directly taking one more thing off their minds. Ultimately, they had avoided a late payment fine and successfully protected valuable cash flow.
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Success Stories
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