South Walsham Hall
There’s something quite special about Norfolk that I can’t quite put my finger on. It could be the North Norfolk coast with its endless skies, wide open pristine beaches and incredible country houses. Or the metropolitan and buzzing city of Norwich. And of course the beautiful Norfolk Broads, with its windmills, chain ferries, sailing boats and riverside bars.
It’s here in the broads the South Walsham Hall is stood in 25 acres. Thought to have origins dating back to 1575 there has actually been a house on the site for over 800 years.
With 8 bedrooms, tennis courts and swimming pool, two additional cottages and plenty of room. I think this could be one of the most perfectly secluded properties in the UK today. And with the broads a hop skip and jump away, weekends could take on a whole new meaning.
Or perhaps time for a complete relocation?
South Walsham Hall is on the market for £3,500,000 with Savills
- Published in Lifestyle
Pagani Huayra Roadster
We we’re recently asked by a client to help them with sourcing and funding a Pagani Zonda. Definitely not the worst day in the office.
The Zonda was the first car off the Pagani line and arrived in 1999 and by 2003 were powered by a 7.3 V12 naturally aspirated engine, this car was more like an F1 machine for the road.
So whilst we’ve been scouring the world for a suitable investment opportunity we can’t help but be slightly distracted by this Pagani Huayra Roadster.
Again, not the worst day in the office.
This car is currently for sale at £2.66m with SuperVettura, who also happen to be the UK’s Koenigsegg dealership.
- Published in Lifestyle
Term Loans
A term loan provides a business with capital based on a fixed monthly repayment over a period of time. Often used by small companies to purchase assets such as machinery or property.
At Pure we work with our clients to prepare a full three way financial forecast, covering balance sheet, profit and loss and cash flow statement to negotiate term loans (including CBILS & RLS) in order for the business to invest in its growth.
- Published in Finance, Term Loans
Invoice Finance
Invoice financing covers both factoring and invoice discounting, both of which are financing arrangements where the business can release capital from unpaid invoices.
When a business raises a sales invoice the banking partner can provide between 60%-95% of the value (including the VAT element) immediately, improving the cash flow position of the business.
Once the sales invoice is paid the provider makes the balance of the invoice available to the business.
Factoring is a disclosed facility, meaning that the customers know that the monitoring and collection of the invoices are managed by a third party. These types of solutions are often utilised by younger businesses as they establish their place in the business world.
Invoice Discounting in contrast is an undisclosed facility, where the end customer is unaware of the invoice provider. This service is for larger more mature businesses and can be across many sectors, including construction.
We work with our clients to establish the best relationships with lenders and ensure there’s a good fit with regards to the facility, fees and support.
- Published in Finance, Invoice Finance
Asset Based Lending
Asset based lending covers a number of financial products such as invoice finance, secured debt, asset finance, property finance and stock finance amongst others.
It is the lending of capital secured against the assets within the business, such as invoices and physical plant and machinery.
Asset lending can be on a term loan basis so with a fixed monthly repayment of a specific time period, but could also be linked to seasonal income.
This type of lending can be very effective when looking to restructure a business, make acquisitions, fund a management buyout or acquire new assets to improve operational efficiencies.
- Published in Asset Based Lending, Finance
Asset Finance
Asset finance is used to acquire or refinance existing assets within a business, for example plant and machinery. The facility will be based around an HP agreement, finance lease or operating lease usually for a period of up to 7 years.
Used to fund multiple asset types asset finance can be used to acquire vehicles, machinery, agricultural equipment, manufacturing equipment, production lines, IT systems, yellow goods and more.
- Published in Asset Finance, Finance
Trade Finance
Trade finance covers both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer.
International trade finance may utilise letters of credit or other instruments to facilitate transactions.
- Published in Finance, Trade Finance
Property Finance
Our lenders provide property finance to cover commercial mortgages from £250,000 to over £20m as well as property development projects from a GDV of £1m to over £50m.
The finance can be used to acquire, refinance or build out projects both across residential and commercial properties.
With funding matched to projects our lenders have the ability to provide interest only or capital only loans but also more flexible solutions too.
- Published in Development Finance, Finance
Mezzanine Finance
Mezzanine finance is a complex financial product that is a hybrid of debt, equity and financial instrument. Traditionally used in complex M&A transactions by large corporates, they are being used by smaller entities today.
Similar to venture debt, mezzanine finance is traditionally more expensive than senior debt as it is not secured against a meaningful asset.
Should the business perform, then the finance is paid like any other finance however, the instrument enables the holder of the debt to turn that to an equity holding of the business, potentially acquiring it in full.
- Published in Finance, Mezzanine Finance
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