The latest from the Black Country 

Wolverhampton's Burrows Home Comfort Raises Thousands of Pounds in Cost Savings to Fund New Website and Marketing Material

110516BURROWS 02Central Finance, a Midlands based financial consultancy with offices in the Black Country, Birmingham and Worcestershire raised a six figure sum for Wolverhampton’s long established, but recent Management Buy In business Burrows Home Comfort to clear previous loans, reduce interest rates by 5%, provide cost savings of £1000 per month and ultimately reinvest in the future,

The independent, and fully FCA regulated commercial financial services provider sourced the six figure finance package through Funding Circle, the largest peer to peer funder in the UK.

Burrows Home Comfort, a long established home development business with both domestic and commercial clients including Carillion and housing organisations such as WATMOS Community Homes to name a few recently underwent a Management Buy In and is now led by Steffan White.

Steffan White, Managing Director, Burrows Home Comfort says: “After the Management Buy In, I went through the business accounts, plans for the future and ultimately our forecasts and it was clear we could reduce our costs and our finance to better plan for the future.

“Refinancing is not something I thought was possible, especially freeing up £1000 per month by accessing a much better interest rate and payment term. Already, the cost savings have freed up enough capital to invest in a new bespoke, mobile ready website and new marketing material to focus on our sales and marketing.”

Steve Harris, Director at Central Finance adds; “Working with Steffan at Burrows Home Comfort after the MBO to reduce their costs significantly, realising a saving of £1000 per month and ultimately providing tens of thousands of pounds over the term to reinvest in sales and marketing has been rather rewarding.

“Many businesses use finance to develop their service offering, whether that’s asset finance to purchase machinery or whether it’s for something much bigger such as premises or livery, but many business owners don’t realise they can refinance old loans and access much better rates and payment terms, offering significant cost savings.”

“Even in a recovering and booming economy, commercial finance is a complex market and refinancing can be quite daunting for many businesses, but as a fully regulated FCA broker with a whole market solution – we can provide access to much better rates and terms freeing up cash flow to use elsewhere, just like we have done for Steffan at Burrows Home Comfort.”

Central Finance supported over 500 businesses in 2015 and raised over £30 million in grants and commercial finance, driving significant growth for their respective clients and creating in excess of 200 jobs for the region. Their clever mix of business advisors, banking professionals, funding experts, accountants and other financial professionals including asset finance, provide clients with peace of mind their businesses, their finance and their future is in the right hands.

Last modified on Wednesday, 15 June 2016 16:06

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