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£825,000 raised with careful co-ordination

£825,000 raised with careful co-ordination

If you are the boss of a family business, you need to plan your retirement carefully! Roseacre Care Home in Cornwall has been run successfully by Tom Knight and his family for 25 years, described as “exceptional… relaxed and caring”.  When Tom’s daughter, Penny Turner, was due to take over the helm she met with her financial adviser Stuart Toghill of Kellands Financial Services, who then introduced her to Conrad Robins at ASC Finance for Business in Truro. Conrad quickly identified a lender for Penny to acquire a majority shareholding and for the Company to buy the property from her father. The rate of interest obtained was only 2.5% over bank base rate which made it a fantastic deal.

A suitable structure and timetable was agreed with the help of the Company’s accountants. Tom was mostly abroad by then and with a full panel of professional advisers involved, good communication and hands-on case management was vital in bringing all the strands of the transaction together!

Keen focus addressed a challenging succession of issues and approval was required at various junctures from three firms of solicitors representing all parties. Conrad and his team are well versed in proactive collaboration with professional advisers – it is a key feature of the ASC service. As Conrad puts it, “We are happy to take on the role of central coordination and reference point - fundamental in making deals like Penny’s happen”. Penny and her partner Steve said, “During our recent company transfer we found the services of ASC to be reliable, professional and efficient. Conrad and John helped with all aspects of what proved to be a complicated transaction. We will use ASC again for our next purchase!“

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Why ASC?

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Why ASC?

You already know that arranging business finance can be a tricky experience.

We appreciate that your time is precious. With our extensive knowledge of business finance available in today’s SME market we can approach the lending institutions that are right for your business finance needs. You will be saved from the frustration of endless form filling, repeated conversations with numerous lenders, and save you from having to provide each different lender stacks and stacks of information.

Our job is to remove the ever increasing number of hurdles that are put in your path, by arranging business finance or commercial finance for you in a time-saving and more efficient manner.

ASC have been established for over forty years and we have experienced more recessions and ups and downs in the economy then we care to remember. Due to our clear focus on independent businesses and entrepreneurs we have developed a track record which is envied by our competitors. You will deal directly with an experienced Director who has a strong commercial background and real experience enabling him or her to find the business finance which is just right for your business.

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