Case Study
Wind turbine specialist secures £600k to acquire vital equipment
Wind turbine specialist secures £600k to acquire vital equipment Summary The customer is one of the leading wind turbine suppliers, installers and refurbishing companies in the UK and Ireland. A £600,000 hire purchase agreement was secured with Close Brothers Commercial Finance in autumn 2014, which enabled the purchase of a crane to support business operations. Challenge They had experienced significant growth over the past five years. It was costing approximately £8,000 a month to hire a crane to aid the build and maintenance of wind turbines, whichwasn't a long-term solution. The company owner dedicated time to source a crane of their own, but without having the money readily available, sought guidance from his local finance advisor. Solution Asset finance was recommended as the most