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Case Study - Finance Yorkshire Study... · 2012-07-23 · Charlton Brook Landscaping and garden...
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www.finance-yorkshire.com Tel. 0845 649 0000 info@finance-yorkshire.com Case Study The Company The company – which today offers a full range of landscaping services for the commercial sector including housing developers such as Persimmon Homes, Kier Homes and Strata Homes - has been kept in the family ever since with Andrew Morton and brother Michael taking over following their father’s retirement in the early 90s. The Challenge Andrew said: “Like many companies, we were affected by the recession and wanted to inject some cashflow into the business so our accountant Peter Hollis of Hollis Chartered Accountants suggested we look at what Finance Yorkshire could offer.” The Solution Charlton Brook is now looking to build on the foundations of the family business after a business loan of £56,000 from Finance Yorkshire. “The funding will help us to purchase vehicles and increase staff levels. As our business is seasonal and workload can vary considerably, we will look to take on staff through agencies, but this is still good news as it means we are nevertheless creating new roles for local people.” The Investment Rationale Finance Yorkshire Investment Manager Ian Howson said: “Charlton Brook are not alone – many of the region’s businesses are still feeling the impact of the recession so this funding will be a welcome boost, giving them working capital to get them back up to pre-recession trading capacity levels.” Future Expectations Said Andrew: “It is extremely encouraging that our turnover is steadily increasing, resulting in further job creation, improved cash-flow and profitability. It is also encouraging to see our domestic customer base increasing, as well as demand for our new landscape design services. “For instance, employing a book- keeper recently means I may be able to delegate some of my administrative duties to them - freeing me up to explore areas like our landscape design services.” Charlton Brook Landscaping and garden supplies company Charlton Brook was established in Sheffield in 1978 by a father and uncle team. Business Loans Pictured (L-R): Charlton Brook’s Andrew Morton, Ian Howson of Finance Yorkshire, accountant Peter Hollis and Charlton Brook’s Michael Morton
Transcript of Case Study - Finance Yorkshire Study... · 2012-07-23 · Charlton Brook Landscaping and garden...
www.finance-yorkshire.comTel. 0845 649 0000 [email protected]
Case Study
The CompanyThe company – which today offers a full range of landscaping services for the commercial sector including housing developers such as Persimmon Homes, Kier Homes and Strata Homes - has been kept in the family ever since with Andrew Morton and brother Michael taking over following their father’s retirement in the early 90s.
The ChallengeAndrew said: “Like many companies, we were affected by the recession and wanted to inject some cashflow into the business so our accountant Peter Hollis of Hollis Chartered Accountants suggested we look at what Finance Yorkshire could offer.”
The SolutionCharlton Brook is now looking to build on the foundations of the family business after a business loan of £56,000 from Finance Yorkshire.
“The funding will help us to purchase vehicles and increase staff levels. As our business is seasonal and workload can vary considerably, we will look to take on staff through agencies, but this is still good news as it means we are nevertheless creating new roles for local people.”
The Investment RationaleFinance Yorkshire Investment Manager Ian Howson said: “Charlton Brook are not alone – many of the region’s businesses are still feeling the impact of the
recession so this funding will be a welcome boost, giving them working capital to get them back up to pre-recession trading capacity levels.”
Future ExpectationsSaid Andrew: “It is extremely encouraging that our turnover is steadily increasing, resulting in further job creation, improved cash-flow and profitability. It is also encouraging to see our domestic customer base increasing, as well as demand for our new landscape design services.
“For instance, employing a book-keeper recently means I may be able to delegate some of my administrative duties to them - freeing me up to explore areas like our landscape design services.”
Charlton Brook
Landscaping and garden supplies company Charlton Brook was established in Sheffield in 1978 by a father and uncle team.
BusinessLoans
Pictured (L-R): Charlton Brook’s Andrew Morton, Ian Howson of Finance Yorkshire, accountant Peter Hollis and Charlton Brook’s Michael Morton
The Business Loans team provide loans to complete financial packages for businesses.
The business loans fund will lend £15k to £150k depending on how established the business is. Small and medium sized enterprises in their early stages can qualify for loans up to £50k, established businesses up to £75k and established and profitable businesses up to £150k.
Business loans are available for a wide range of purposes including funding the gaps in working capital, and capital expenditure. To qualify, businesses must be generating revenue and show the business has the potential to grow.
They must also show funding through conventional sources of finance are insufficient or unavailable. Business or personal assets are not typically required to be provided as security but a personal guarantee may be required.
An extensive team has been developed to ensure financial intermediaries and businesses across the region have easy access to an Investment Manager.
The team is split into three areas:
West Yorkshire and the North - Grahame Lunt and Jonathan Craig
East Yorkshire, the Humber, North and North East Lincolnshire - Ian Atkinson
South Yorkshire - Karl Hodson and Ian Howson
Business Loans - £15,000 to £150,000
To find out more aboutFinance Yorkshire’s Business Loans please contact us.
Meet the team...
Other finance available from Finance Yorkshire:
Seedcorn FinanceUp to £780k
Equity Linked Finance£100k - £2m
Ian AtkinsonInvestment ManagerT: 01226 323732M. 07799 [email protected]
Jonathan CraigInvestment ManagerT: 01226 323733M. 07796 [email protected]
Tony GoulbournDirectorT: 01226 323736M. 07831 [email protected]
Clive DownwardInvestment DirectorT: 01226 323729M. 07775 [email protected]
Grahame LuntInvestment ManagerT: 01226 323746M. 07713 [email protected]
Ian HowsonInvestment ManagerT: 01226 323730M. 07876 [email protected]
Karl HodsonInvestment ManagerT: 01226 323731M. 07713 [email protected]
1 Capitol Court, Capitol Business Park, Dodworth, Barnsley, S75 3TZ
www.finance-yorkshire.comTel. 0845 649 0000 [email protected]
Follow us on Twitter @financeyorks
Finance Yorkshire Ltd is a company limited by guarantee (Registered No 07075478). Finance Yorkshire Ltd (0845 649 0000) comprises three sub funds, Finance Yorkshire Equity Fund, which is managed by Neon Capital Partners Limited, Finance Yorkshire Small Loans Fund, which is managed by EV Business Loans Limited and Finance Yorkshire Seedcorn Fund, which is managed by Enterprise Ventures Limited. Each of these Fund Managers is authorised and regulated by the Financial Services Authority.
