Our Commitment

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The flexibility shown by Fresh Thinking allowed me to refinance the business with a more mainstream facility saving a significant cost enabling the business to grow. Fresh Thinking provided a top up facility which was tailored to the needs of the business which was a refreshing approach.

Having had a difficult couple of years trading the relationship with the bank became strained and it was an enjoyable experience to deal with FTC. The business had working capital facilities of circa £12m with the bank which were continually being reviewed and monitored and in some cases were reduced placing pressure on the cash flow. The business required £750,000 of funds quickly to ensure the support continued from the bank. When I was introduced to FTC by our accountant the bank became much more relaxed as they had worked with them previously and this allowed sufficient time to complete the turnaround of the business and subsequently refinance to another bank.

In this day and age most funders run a mile when you mention administration and prepacks. Without FTC I would have lost everything and I will be forever grateful for the support they gave me at a time when I most needed it. The business is now on a stable footing and I can look forward to the future with confidence.

Until I met the team at FTC I was not aware this type of funding existed. It has been an ongoing frustration speaking to many lenders who are restricted in the funding they can provide and speed at which they operate. It was a pleasure to deal with a lender who was flexible and delivered in a tight timetable allowing the business to complete an excellent acquisition.

Working with Fresh Thinking allowed me to move at speed and acquire the site. I took advantage of the opportunity to buy at a discount due to the speed they could move. Further value was added when I obtained planning permission. The value has since increased even further and I have agreed the sale of the site on a deferred arrangement receiving proceeds on a plot by plot basis. FTC agreed to work with me on the deferred payment structure with the uplift more than paying for the funding and deal costs for the full term of the loan.

I was impressed with the speed at which FTC delivered the loan. From providing the terms to final drawdown it was a nine working day process which ensured the purchase of the land completed in a tight timeframe. In the current funding world everything seems to take longer and longer and this is a major restriction to all businesses.