Professional Services
FRP Advisory
Full Credential Description
The management team of Norfolk-based Easy Cleaning Solutions Ltd faced the challenge of refinancing the business after acquiring it with the goal of transforming it into a leading manufacturer of private-label and own-brand cleaning solutions. At the time of acquisition, the company had 260 employees and was in the process of restructuring to enhance its operations. Recognizing the need for additional working capital to support future growth and increased sales to its blue-chip customer base, the management team sought the expertise of we’s Debt Advisory team.
we’s Debt Advisory team conducted a competitive process to identify a suitable asset-based lender. Their objective was to maximize the availability of working capital, which was crucial for funding the company's growth initiatives. The management team's extensive experience and the company's well-defined development plan attracted significant interest from various leading asset-based lenders. After a thorough review of the collateral and financial data, we identified lenders that aligned well with Easy Cleaning Solutions' refinancing needs. Two lenders were invited to present their offers, both of which were highly competitive.
Following discussions with the lenders, both offers were improved, allowing Easy Cleaning Solutions to select a financing partner that provided the greatest flexibility. we’s Debt Advisory team continued to support the company throughout the legal documentation process until the refinancing was successfully completed. This strategic refinancing not only positioned Easy Cleaning Solutions for continued profit growth but also reinforced its capacity to serve its impressive roster of clients effectively.