United Trust Bank was approached by one of its selected introducers to fund a regional firm of solicitors, which operates under one of the well-known high street franchised legal firms, to provide additional working capital over a 6 month period.
With tax due in July, Professional Indemnity Insurance in September and the annual renewal of their Practising Certificates due in October, the well-established 2 partner firm took the decision to fund their tax obligations to HMRC, therefore creating sufficient headroom in their future cash-flow to ensure there were no financial distractions during their busiest time of the year.
On completing the deal our broker commented “The speed of turnaround was just what we and our client needed – no fuss around documents, and all the information provided by UTB was clear and precise. Payment was made to the customer within their required timescales enabling them to settle their bill from HMRC”.