March 3, 2022

Reparo Helps Phoenix Company Rise from the Ashes


We’ve provided a civil engineering company with short-term working capital to bridge a funding gap and complete projects.

The business was unable to get finance elsewhere because its directors had been involved in an insolvency.

The company is a phoenix company—this is when a business is liquidated and then its assets are purchased by its former employees under another entity.

The phoenix company was still in the process of paying off the liquidator for the assets. The liquidator had a floating charge on the company.

This meant that most lenders wouldn’t be able to help them.

Reparo is different. We don’t use computer algorithms to make lending decisions; we use our own common sense and we’ll consider every loan application.

Difficult economic conditions

We took a deeper look at the insolvency to find out what had happened.

The old company had been well-run and had a good turnover prior to the pandemic.

However, lockdown restrictions forced them to take out a Bounce Back Loan (BBL) and a Coronavirus Business Interruption Loan (CBIL).

The loan repayments affected the company’s turnover. This combined with the 2021 supply chain crisis forced the company into administration, resulting in its liquidation.

Next, we took a look at the new business. The company had a good pipeline of contracts and a healthy turnover.

We could see that the demise of the business was the result of tough economic conditions and not poor management. It was also clear that the business would be able to repay the loan.

We provided a £50k Fast Track Loan over 52 weeks with two personal guarantees as security. The whole process took just eight days.

Reparo will find a way

The story behind this company isn’t unusual. In recent years, many well-run businesses have faced difficulties beyond their control.

These could have been caused by Brexit, coronavirus or the supply chain crisis.

Reparo knows that bad things happen to good companies. We look beyond these issues and find a way to make a deal work.

If you need fast access to short-term working capital, get in touch.

We offer two products:

  • Unsecured loans from £25k to £75k: perfect in a cash flow emergency
  • Secured commercial loans from £75k to £500k, with room to lend up to £1m

To discuss a loan in confidence, drop one of our new business team a line using the contact details below:


Daniel Jones

07824 873 358


Craig Ashton

07917 907 931


Photo by ThisisEngineering RAEng on Unsplash