Ignition Credit

Business & Personal Asset Finance in Cornwall

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EG Fencing Finds Financial Solutions

16th October 2020 By Katy Baker

EG Fencing Solutions Ltd, based near Liskeard in Cornwall, was formed in 2007 by friends Lewis Elliot and Dan Goodman. It supplies and installs fencing and gate entry systems across the country. Recent projects include fencing for Stanstead and Gatwick airports, Hinkley Point power station, and a number of major roads and motorways across the UK.

Building on its success, the company recently purchased two new trucks worth £50,000 with help from Ignition via a Hire Purchase asset finance package, expanding its growing fleet to six.

The company has also taken the opportunity to secure a CBILS loan (Coronavirus Business Interruption Loan Scheme) worth over £200,000, making the most of the chance to obtain funds interest free for the first 12 months.

Lewis Elliot comments: “Lockdown was concerning at first, and we did furlough some of our workers for a couple of weeks, but we were soon as busy as ever.  Most of our contracts are for key industries such as the road network and National Grid, so this work was essential and had to continue.  However, we’re well aware that these are challenging and uncertain times, so felt it would be sensible to obtain a loan to provide us with greater financial security in the coming months.

“We’re also keen to continue expanding and strengthening the business and are actively recruiting more workers to help us fulfil new contracts, so the loan will help us to achieve this.”

Over the years, EG Fencing has worked with Ignition a number of times to finance vehicles for the business.  Lewis Elliot continues:

“We have always found working with Ignition is painless, straightforward and hassle-free.  They offer us competitive deals and can arrange finance quickly.”

Paul Caunter, Managing Director of Ignition, comments: “Lewis and his team at EG Fencing Solutions have been clients for many years, and it’s great to see the business continuing to grow and thrive. We’ll continue to do all we can to support them.”

Filed Under: Case Studies

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If you require assistance or further information call one of our expert advisers on 01872 272900 or 0330 010 4282.

You can also request a quote online, or use our simple vehicle finance calculator.

Finance Products & Services

  • Asset Refinance
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  • Structured Payments
  • PCP (Personal Contract Purchase)
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  • Contract Hire
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  • Commercial Loans
  • Loan and Chattel Mortgage

Our Products & Services

  • Asset Refinance
  • Finance Lease
  • Hire Agreement
  • Structured Payments
  • PCP (Personal Contract Purchase)
  • Hire/Lease Purchase
  • Contract Hire
  • Operating Lease
  • VAT Deferrals
  • Corporation Tax Loans
  • Invoice Finance
  • Commercial Loans
  • Loan and Chattel Mortgage

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What We Finance

  • Car Finance
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  • Refurbishment & Fit-Out Finance
  • Catering Finance

About Ignition Credit

Registered Office
Sterling House,
Green Court,
Truro Business Park,
Threemilestone,
Cornwall,
TR4 9LF

Phone
01872 272900
0330 010 4282

Office Hours
Monday—Friday: 9:00AM–5:15PM

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Copyright © 2022 Ignition Credit. All Rights Reserved
E&OE Company Registration Number: 4315993 | VAT Registration Number: 864 5933 85 | Authorised and regulated by the Financial Conduct Authority FRN 679018
IGNITION CREDIT PLC IS AN AUTHORISED CREDIT BROKER AND LENDER I Registered Office: Sterling House, Green Court, Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9LF

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