Yorkshire based One Stop Business Finance Ltd has completed a deal providing a revolving credit facility for £35,000 to Wakefield-based DES Training & Consultancy Ltd. DES director, David Shaw will use the facility to acquire 100% of the share capital of Aspect Training Ltd. together with additional working capital to support the business growth. The facility will be in place for 12 months with an option to extend if necessary.
Andrew Mackenzie, Managing Director commented: “One Stop Business Finance is delighted with the DES Training and Consultancy transaction. Whilst it is at the smaller end of what we do, it genuinely provides David and Sarah with a fantastic opportunity to develop a very successful business.”
David Shaw, Managing Director of DES Training and Consultancy Ltd. commented: “Having the support of One Stop Business Finance has allowed us to realise our dream of owning our own business, one which is established, so we can maintain the employment of the existing staff team, but also gives us the opportunity of growing the business, and thus employ more people in the Yorkshire area.”
One Stop Business Finance continues to grow rapidly on the back of a series of transactions, by offering highly flexible solutions to its clients and great returns to its funders. It has also brokered a large number of invoice finance, commercial property and fixed asset deals over the past few months.
The legal work on this project was undertaken by Ben Slack and John-Joseph Massey of Clarion Solicitors in Leeds.
With Business Development Managers based from the East Midlands to the Scottish border, One Stop Business Finance is seeking new opportunities to undertake even more of its own lending; offering SME clients’ short term and flexible options when conventional finance brokerage solutions don’t work. By taking clients through a lending process, the most appropriate and cost effective borrowing solutions are developed.
The business is a member of the NACFB and has a number of preferred partners in respect of hire purchase lending, invoice finance, commercial property etc. This means that One Stop Business Finance can offer its SME clients a complete lending service and genuinely is able to “do the deals the banks can’t do.”
For information about DES Training and Consultancy Ltd. contact David Shaw on 07760 569495, e mail email@example.com, or visit the website www.destrainingandconsultancy.co.uk
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