A limited company faced a £65,000 Corporation Tax bill due in one week but lacked the funds to pay. The director had used surplus business funds to cover care costs for their late mother, leaving the business unable to meet this critical liability. Failure to pay on time risked penalties, interest, and damage to the company’s reputation with HMRC.

The director approached Ignition Credit for help. Within two days, we had secured a 12-month loan, enabling the company to pay the tax bill on time. The solution was affordable and tailored to the company’s needs, avoiding cash flow strain.

The Outcome

Tax Paid On Time: Avoided penalties and preserved the company’s standing with HMRC.

Director Relieved: The business stayed compliant, and operations remained unaffected.

Ignition demonstrates the value of fast, effective financial solutions, helping businesses overcome urgent challenges with ease. If you have a funding challenge, then please call us on 01872 272900

An arable farmer needed funding for a Used Holmer TerraDos T4-30 Sugar Beet Harvester to start their sugar beet campaign. The request was referred to us, with specific challenges:

Seasonal Payments: The client wanted repayments only during the six-month beet-lifting season.

Tight Deadline: The harvester was needed quickly to begin operations.

Competitive Pricing: The client sought better rates than those offered by their current broker.

We worked quickly to secure a funder who could provide:

• A custom six-month repayment plan.
• Completion of the transaction in time for the campaign.
• Lower payments than the client’s existing broker.

The Outcome

The client received their harvester on time and saved money with our solution. They were able to begin lifting sugar beet without delays.

We deliver flexible, cost-effective solutions, even under challenging circumstances.  If you have a funding challenge, then contact us today, we would love to help.

We were recently approached by a scaffolding company looking to secure funding for a £150,000 investment in new equipment, driven by a major housing development contract. While we hadn’t worked closely with them before, they came to us through a trusted referral from one of their suppliers.

After learning more about their needs and growth plans, we structured a tailored finance solution that enabled them to move forward confidently with the project. Not only did this help them meet the immediate requirements of a new developer, but it also gave them the capacity to take on additional contracts in the future.

This was the first time they had explored financing scaffolding as an asset, and the positive experience gave them fresh confidence in using finance as a tool for sustainable business growth.

We’re proud to have supported this milestone and look forward to assisting them with their next big move.

Contact us today to see how we can help your business on 01872 272900 

Managing cash flow effectively is crucial for any business, and VAT liabilities can often put significant pressure on working capital. Using a finance broker like Ignition Credit can be the key to ensuring smooth financial operations, securing necessary funding in time, and ultimately keeping businesses moving forward.

How we helped a family-run business

For the past two years, we have assisted a family-run business specialising in materials handling equipment solutions with VAT loans. In December, they faced a VAT liability of £162K, choosing to fund £100K themselves while requesting a £62K VAT loan. We acted fast to ensure they received the funds quickly and efficiently, keeping their business operations running smoothly.

Recently, the same business encountered another VAT liability of £132K and sought to fund the full amount through a loan. However, complications arose when the lender required confirmation that PAYE liabilities were up to date. Our client was unfortunately in arrears with no formal arrangement to pay and combined with an increased loan request and a high overdraft facility (renewed in February for six months), underwriters initially declined the application.

Going the extra mile to secure funding

Understanding the urgency of the situation, we worked closely with the lender on an appeal. Our proactive approach included:

• Providing clear explanations to address underwriter concerns.
• Assisting the customer in preparing a detailed sales forecast for incoming equipment orders and projected profit.
• Encouraging the customer to make a payment toward the outstanding PAYE liability and commit to having it up to date within the month.

Thanks to our strong relationship with the lender, their underwriter went above and beyond, even staying late on Friday with us to ensure the loan was approved and the payment was processed.

At 6:15 PM, we received confirmation that the funds had been released, allowing our client to pay HMRC and enjoy their weekend stress-free!

Why choose a Finance Broker for VAT loans?

VAT loans are a valuable tool for businesses looking to maintain cash flow, allowing them to retain working capital for growth and investment. With our expertise:

Flexibility: Businesses can choose to fund the full VAT amount or a portion, depending on their financial strategy.

Speed & Efficiency: Our relationships with lenders help us navigate complex approvals and secure funding quickly.

Problem-Solving: We work closely with both businesses and lenders to overcome obstacles, ensuring a higher success rate for loan approvals.

If your business is facing a VAT liability and you want a smooth, stress-free funding experience, reach out to us today. We’re here to help keep your cash flow healthy and your business moving forwards!