We were introduced to a Cheshire based day nursery group. They had a recent history of low profitability and losses due to “tax planning”. They required a commercial mortgage to move premises as they had outgrown their current home.
Due to the lack of profits in their accounts, they had been declined by several lenders. We explained in detail where the money had gone over the last three years, added back several items of one-off expenditure and compared it to the historical performance of the business. This ensured the commercial mortgage was agreed by a lender they had already approached at a lower interest rate. We knew how to present the application to them and the children and staff are now enjoying their new setting.