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Richard Purcell MICM |
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| Welcome to Regency Commercial Finance | |||||||||||||||||||||||||||||||||||||||||||
| We have been helping businesses to raise the required finance for over 15 years. Regency is based in Cheltenham, a regional centre for business and commerce, here we have developed very strong relationships with finance houses, merchant banks and specialist financiers. |
There can be many different ways of raising finance, we have the experience of assisting
start-ups and restructuring finance as well as the more traditional established business. Here at Regency we pride ourselves with providing a high quality service to clients whilst at the same |
time minimising the length of time that any credit committee will take to make a
decision. Our objective is to manage a proposal from start to finish and to build a long-term relationship with the client. |
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| Do you have an Overdraft - The Brumark Case | |||||||||||||||||||||||||||||||||||||||||||
| The court established that a bank must be able to demonstrate that it can control
the collection of the debts, prior to claiming a fixed charge. In essence this means that the bank now has a floating charge over the book debts and preferential creditors have first claim in a receivership. |
The banks are now assessing all of their clients and looking for extra security
where appropriate usually this in an extended personal guarantee or further charge over a personal home/asset. For clients who could find themselves in this position it might be appropriate to consider factoring |
or asset finance, giving up to 90% against debtors and a chattel mortgage against
an unencumbered asset. Many of the high street banks are encouraging their customers to talk to their own factoring arm, they are not always very competitive. We can therefore help source a more appropriate solution at competitive rates. |
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| Small Firms Loan Guarantee Scheme | |||||||||||||||||||||||||||||||||||||||||||
| Small firms with viable business proposal which have tried and failed to obtain conventional loan, either because of lack of security or business track record may be able to obtain finance under SFLGS. By providing a DTI backed guarantee against default borrowers, the scheme enables high street banks to lend between £5,000 and £250,000 to new and existing businesses. | Before applying for any form of finance, potential borrowers should have carefully considered the needs of their business. What is the money needed for? Will it be used for working capital or project development costs? | Have all kinds of finance available and the costs been investigated? The above scheme has proved to be very successful for a variety of businesses and industry sectors. |
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| Vehicle Finance | Save up to 50% on key Financial Products | ||||||||||||||||||||||||||||||||||||||||||
| Regency offers a full range of financial products to corporate organisations and
individuals, including hire purchase, lease purchase, contract hire, personal contract hire and personal
contract purchase. We can source the best deal for you from the most competitive funders. |
Have you taken out in the last 5 years any of the following - Keyman Assurance Life Assurance Critical Illness If so you are probably paying up to 50% more than you have to as premiums have dropped dramatically. |
We can introduce you to a firm of Independent Financial Advisors who have advised many of our clients. | |||||||||||||||||||||||||||||||||||||||||
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| Case Study | |||||||||||||||||||||||||||||||||||||||||||
| The directors of a newly formed Plastic Recycling Business found traditional paths rather limiting and frustrating and could not obtain interest from the traditional Banks, they then contacted a firm of highly regarded accountants for help | who immediately called us in. We managed to negotiate a complete leasing facility for all the new equipment and facilitated the whole process from start to Finish. Part of the funding also included a flexible factoring facility, this |
helped raise the deposit for the leasing transaction and it gave the business immediate cash. | |||||||||||||||||||||||||||||||||||||||||
