A new lease facility for essential equipment helped ignite this candle making company.

The Challenge

During lockdown, turnover for this business had sky-rocketed because people were working from home and not spending money, so they were able to buy nice candles to enjoy them during the day.

As a result, the company was working at full stretch in very cramped conditions and was sending boxes of finished candles away to be labelled, boxed and sorted. That meant on their return, the site became unworkable.

They needed to buy some labellers, so that they could do that work themselves, save on external costs and create a better working environment for their staff. The Directors were tenants.

The Solution

I was able to understand the positives in the deal. However, due to the newness of the company, modest accounts and the directors being tenants, this was not going to be straightforward.

I totally focussed on the upside and the potential for this business hitting it’s goals. By putting together a fully balanced credit report, I was able to chat to underwriter directly to chat through their concerns and to offer ways to overcome them.

The result? The deal was agreed as proposed, which meant the client could put in an immediate order with the suppliers. They were subsequently delivered and are everything they hoped they’d be… and more.