Ignition recently assisted a long-standing private customer with £210,000 finance towards a fabulous Ferrari 488 Pista.  The prestige sports car enthusiast had been looking out for the special series V8 supercar, and on finding one at the right price, he approached Ignition to help arrange the funds.

He comments:

“The team at Ignition are highly experienced in funding speciality cars and have helped me to finance many over the years. I trust them to offer good interest rates, reasonable charging fees and to always provide me with fast and efficient service.

“Despite lockdown restrictions, the service this time was as excellent as ever. My account manager was particularly accommodating. She ensured that the process was convenient and hassle-free, leaving me free to enjoy my beautiful new car!”

Newquay-based building and scaffolding company, RC Construction SW Ltd, was formed in 2013, and has become a well-established business in the local area, providing a variety of building services from brick paving, to loft conversions to new home builds. With its own scaffolding division, the company also supports local roofers and a solar power company with their scaffolding needs.

Although initially set back by the pandemic with some employees furloughed, RC Construction is now as busy as ever, working concurrently on two new build houses, as well as facing increased demand for its scaffolding services. 

A long-standing customer of Ignition, Director Andrew Taylor contacted Ignition regarding finance for additional scaffolding equipment and also requested a business loan to ease the strain on cash flow when commencing new groundworks contracts.

Ignition arranged a £25,000 Hire Purchase loan for new scaffolding equipment, through the Coronavirus Business Interruption Loan Scheme (CBILS) and was also able to provide a further £55,000 CBILS loan to assist with working capital.

The CBILS scheme provides 80% Government guaranteed loans up to £500,000, and asset backed loans to £750,000 with 12 months interest free. These commercial loans and some asset finance packages also benefit from a 12 month payment holiday, helping to ease business cash flow.

Andrew Taylor comments:

“It’s always a difficult time at the outset of a new contract, when there are substantial outlays but funds can’t be drawn for around six to eight weeks.  The CBILS loan will help us get these new contracts off the ground and support the growth of the business going forward.  Likewise, the new scaffolding equipment is already in use, helping us to improve our service and meet the increase in customer demand.

“Ignition have always provided us with really good service.  They respond quickly with workable solutions and minimal hassle.”

Plymouth businessman, Roderick Blacker, recently contacted Ignition to help with the purchase of a stunning classic car with Royal connections.

Mr Blacker had been looking out for an Aston Martin Vanquish supercar and was immediately taken with the pristine grey car with only 18,000 miles on the clock.  He was even more intrigued when he discovered it had been in service to the Royal Family for 13 years. 

First registered as new to the Royal Privy Purse of Windsor Road in Ascot, Berkshire, in 2003, the car remained in the Royal household until 2016 when it was sold at auction to a private enthusiast.  It is one of the last Aston Martins to be fully hand-built in Newport Pagnell.

Mr Blacker, who has used Ignition to help purchase assets and equipment for his self-storage and shipping container company over the last 20 years, knew that Ignition would be swift and efficient in organising finance for the Aston Martin.  Within a week of spotting the advertisement, the sale was completed, and he was in the driving seat.

Roderick Blacker comments:

“When I spotted the advert, I couldn’t pass up the opportunity to own such a special car! I have no way of knowing which member of the Royal Family might have driven in it, but apparently Prince Charles is very fond of Aston Martins and of course the Queen regularly visits Ascot for the horse racing.”

“A car with this kind of history is not only a great investment, but also a joy to drive, and is certainly one of the best-looking cars ever made.”

Eleanor Smith, Business Development Manager at Ignition, comments:

“When arranging finance, we know that providing a quick and efficient service is paramount and can make all the difference to our customers. We were delighted to help Mr Blacker secure this beautiful car.”