New machinery and jobs safeguarded
Formed in 2007 by Richard Causon, Causon Business Finance (CBF) provides quick and competitive solutions for its clients. Offering various types of finance such as funding for new equipment or car finance, CBF believes in one to one contact with its customers. Where possible, they will continue to develop their client relationships by visiting them on site.
Established over 30 years ago, Causon’s client provides a service to businesses and printing companies alike - including laser die cutting and the manufacture of cutting formes for printing and packaging companies.
Job protection and creation
The client was looking to replace existing machinery with a suitable machine already identified and manufactured in Italy. The new machine; a bending sleeve and cut crease machine; will allow production to increase by a further 20% and will protect four skilled operator jobs. Plus one more job would be created in the short term future.
Richard Causon has been in the finance industry for over 20 years and understanding his client’s requirements, he arranged for them to meet with Mark Sanderson, Broker Development Manager at Close Brothers Business Finance. The client had already dealt with Close Brothers previously when they funded a laser cutter.
Eligibility equates to successful funding
Mark assessed the needed equipment purchase price, completed a valuation on the asset and reviewed the client’s balance sheet and established that the client was eligible for Regional Growth Fund (RGF) assistance. Other assets were refinanced to ensure security on the funded amount.
Mark ensured speed of service by completing documentation quickly to allow for the equipment to be delivered as soon as possible.
With the successful RGF grant and the new machine in place plus the additional funds from refinancing other assets, the client is now in the best possible position to stay ahead of the competition.
Richard Causon, Causon Business Finance commented, “The new machinery means our client no longer has to outsource and has protected current jobs whilst creating a further opportunity. They are in the best place now to take on more work and compete for larger contracts. Close Brothers is known for their speed of service and as they already knew our client, we knew Mark and the team were the perfect fit to ensure that the end to end process was effortless. Our client is certainly another happy customer.”