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“Chuck It In?” – Definitely not with ASC on your side!!

“Chuck it in” was one name suggested for Amy and Peter Nixon’s Thai catering business when they first started out three years ago. This was based on a family joke affectionately used to describe Amy’s relaxed cooking style and an expression that she often used herself in jest.

One of Amy’s customers suggested Punk Thai as a punchier alternative and this brand has indeed captured the public imagination!

The business began when Amy, who’s from Thailand, was asked by business neighbours of Peter in the Old Bakery Studios business hub in Truro if she would provide them with occasional lunches on site.  Expansion followed rapidly to other on-site functions, pop-ups, events and festivals, most notably the successful Tunes In The Dunes on Perranporth beach.

Punk Thai quickly gained traction until, quite by chance at a catered dinner for the owners of Lily’s Café in Truro, it was mentioned that a family crisis had obliged them to seek a sale of their business.

Peter approached Conrad at ASC, whom he knew from a previous business discussion and for whose wife Punk Thai had catered very successfully at a “big” birthday party.

Conrad recognised that a share purchase was the appropriate way for his clients to proceed and, despite some lenders in the market proving incapable of recognising this fact as no physical security was available, he was able to identify a high street source that was willing to assist.

With the assistance of a specialist commercial solicitor recommended by Conrad, the deal was concluded but not without some of the all too familiar difficulties being encountered currently.

“Without the professionalism and commitment of Conrad and his team at ASC, this deal would never have happened” admitted Peter who was indeed on the verge of  ”chucking it all in!”.

Lily’s Café has continued to trade successfully in its original format but with the addition of a Saturday Thai lunch and a couple of small additions to the day time menu. Also, evening takeaways have proved so popular during restricted trading that these will continue indefinitely.

Once the pandemic has eased, Peter and Amy will review trading and assess the demand for weekend dining and expand the takeaway business.

“Quite simply, we couldn’t have managed any of this without Conrad” confirmed Peter gratefully.

Why ASC?

We treat you as an individual and not as a form filling robot – and we won’t put you through to a call-centre.

You can speak to an experienced local finance director who has the knowledge and ability to make decisions. There is no obligation to discuss your project with us, so contact your local director today.