Praetura Commercial Finance - Our First Year Highlights
It has been over a year since we established Praetura Commercial Finance and, as our first year draws to a close, I wanted to share some of the main highlights.
In our first year, we have delivered £31,500,000 of facilities to our clients. We closed our first deal in February this year and our most recent only a week ago. In this time, we have successfully completed 11 deals with industries ranging from Manufacturing, Engineering, Plant Hire & Earthworks, Import & Distribution, Specialist Wholesale and Building Services. Of the transactions closed, 3 involve Private Equity and over 50% of our facilities include multiple products comprising Invoice Discounting, Stock, Plant & Machinery and / or Cash Flow.
Please take a look at some of our deal highlights: https://praeturacf.com
There are 2 golden threads running through all of our client relationships; our relationship driven approach and our ability to structure and deliver multi-product facilities. Owner managers and directors and their advisers have direct access to key decision makers, who are also shareholders in Praetura Commercial Finance. The following quote from John Osborne at Tactus captures our ethos perfectly:
John Osborne, Commercial Director of Tactus Group, said: “In all honesty, working in partnership with Praetura Commercial Finance has been a revelation. They are open and transparent, and their work ethic is superb. We are genuinely excited to be working with them and the funding line they have structured for us gives us the confidence to secure new orders and scale up to meet increasing demand.”
In just one year, Praetura Commercial Finance has emerged as a dynamic, well-capitalised asset based lender with a strong appetite for new business. In 2017, we have structured and delivered funding for acquisitions, MBOs, turnarounds and Growth requirements. We are open minded to stressed and turnaround situations, and transactions that are time sensitive. We closed our latest deal in 7 days from the final deal structure being agreed to cash completion.
We would be delighted to discuss any opportunities where certainty, speed of decision making and high levels of service are crucial. Please feel free to contact us at any time.
We look forward to working with you again during 2018 and beyond.
Commercial Director, Praetura Commercial Finance Limited