CLIENT STORY

Terranova Group

KEY FACTS

  • Industry: Construction - Specialist Crane Hire
  • Amount: £65,000
  • Reason: VAT Bill and Expansion
GET IN TOUCH

As a lender Nucleus are very good. What they offered, I'd definitely do it again it's helped my business move forward.

Alec Glover | Managing Director, Terranova Group

Terranova Cranes are a family run, hire company based in Surrey. Typically, the business operates smoothly but, like most businesses, will encounter an unplanned event such as a crane part malfunctioning. Depending on the time of year, the costs relating to a non-working crane can have a direct effect on cash flow and, in this case, left Terranova with a temporary shortfall to pay the quarterly VAT bill that was now due.

Terranova worked with specialist business finance advisors, Number Eight Business Finance, to source the £65,000.00 needed to pay HMRC. Unfortunately, at 10am on the day payment was due to be made, funding from another lender fell through, leaving Terranova and Number Eight in a difficult situation. Fortunately, Nucleus Commercial Finance were contacted to help solve the urgent problem facing both parties. Within five hours, the team at Nucleus had transferred the funds that were required.

Nucleus and Number Eight have worked together on several successful cases and have been able to offer both secured and unsecured products to a wide range of business that have needed quick access to finance.

Terranova Client Story from Nucleus on Vimeo.

DO YOU RELATE TO TERRANOVA's STORY?

Do you have an urgent need for funding to cover an unexpected cost or finance expansion? Get in touch today to find out how we can help.

GET IN TOUCH