Hello to you all, I hope you had a great summer, and are enjoying the kids being back to school.
2018has been a fantastic year so far for Reparo. In my last newsletter I informed you that we had secured additional funding by way of an independent funding line, and I am delighted to say that this facility has already been reviewed and increased. Therefore this gives us further funding and flexibility to support our clients.
We achieved a record quarter to the end of July, helping clients across a wide variety of sectors including: education, property development, construction,manufacturing, agriculture, engineering and distribution. These clients are located throughout the UK, and the situations we assisted with were very diverse, from growth capital to restructuring and acquisition opportunities.
The target market for our Reparo and Fast Track products remains the same, we continue to target companies who have a time critical need for cash flow, in any situation. We are lending throughout the UK, in all sectors,under both our secured Reparo brand, and our PG only brand, FastTrack.
Despite a lot of negativity in the press regarding the economy, particularly in the retail space, there are lot’s of good news stories out there. Let’s be positive, SME’s are driving the UK economy, and we are here to support them.
I have always felt that this period of the year, with nearly four months between major holiday periods, is a time of the year that enables transactions to be structured and is usually the peak deal completion time of the year. If there is anything that we can help you with over this period then please do not hesitate to contact me or a member of the team at anytime.