A full range of financial solutions for Insolvency practitioners
Helping you support your business - and find new solutions to help your clients turn their businesses around.Speak to one of our experts020 4525 5312
Supporting your practice
- Asset finance
- Practice loans
- Buy into an existing practice
- Buy into an existing practice
- Acquire your premises
- Commercial mortgages
- Lease deposit loans
- Fit out costs
Support your clients
- Lending for turnarounds
- Cashflow support
- Refinance soutions
- Asset finance and refinance
A full range of financial solutions for Insolvency Practitioners
Table of Contents
If you are a licensed Insolvency Practitioner - IP - you know the financial challenges businesses face.
The clients you help and advise may have got into financial difficulties for any number of reasons. You work to identify solutions. Getting businesses back on track with measures such as Individual Voluntary Arrangements (IVA) and Company Voluntary Arrangements (CVA) can be better for all concerned than liquidation or administration. You may be able to broker informal arrangements with creditors as part of a business survival strategy.
But you may find that a potentially viable business has to close its doors simply because additional funding cannot be secured.
At Rangewell, we help businesses of all kinds find the financial solutions they need. That means we can help you support your clients through turnarounds - and provide answers to your own needs for funding.
How we can help you help your clients
We cover the entire UK business lending market. We know the lenders who can advance funding to businesses which are facing problems. It means we can help you provide your clients with a financial lifeline, even if they face adverse trading conditions, or are already in a CVA or similar arrangement.
We can help you secure the full range of funding, from Secured Loans and Commercial Mortgages to Asset Funding and Cash Advances through Invoice Finance and other measures.
We ensure that you retain full control. Introducing your clients to our service allows you to provide extra value to them and can be a powerful additional tool to help them get their business back on track as part of the survival strategy you develop. It can be a rapid way to pull a business out of insolvency, and a powerful asset if you need to negotiate with creditors.
We make no charge for our services - and acting as an introducer in this way can mean creating and an important additional source of revenue for your practice.
The full range of funding options
With our connections across the entire UK lending markets, we can help you find the full range of funding options for your clients, including:
- Asset Finance
- Asset Refinance
- Leasing and Hire Purchase
- Invoice Finance
- Inventory Finance
- Contract Finance
- Trade Finance
- Revolving Credit/Overdraft Replacement
- Vehicle Finance
- Cashflow Finance
- Commercial Mortgages & Remortgages
- Property Development Finance
- Bridging Loans
- Growth Finance
- Term Loans
- Working Capital Finance
- Merchant Cash Advance
- Secured Loans
Find out more about how we can provide the funding solutions for clients in financial difficulties, and the additional revenue it could generate for you.
How we can help you
We can also help you deal with your own financial needs, with:
- Acquiring premises
- Acquiring equipment and assets
- Funding for growth
- Dealing with tax
Your premises can be a major expense, especially when you are setting up. Even a small, serviced office will require upfront payment. The costs of renting will depend on your location, and the square footage you need, and there may be service charges and business rates on top of the bare lease. You may need upfront funding to secure the agreement - we can provide a number of solutions to help you.
However, renting means ongoing costs, and puts your practice at risk of rent increases. Once your business becomes established, you might want to consider buying your premises with a Commercial Mortgage. It could help reduce your monthly outgoings, provide your business with a valuable asset for the future, and provide space to take on staff or a partner when you are ready to expand.
A Commercial Mortgage could help you buy your premises.
Funding for your equipment
Your equipment presents another important expense. Your computers and printer are an obvious cost, and you may need specialised software with operating licenses and renewals, training and maintenance. You may also need to furnish your office.
Asset Finance solutions can often provide the most cost-effective ways to provide the equipment you need. You may prefer Hire Purchase for items that you will keep for the long term, such as desks, chairs and document storage. Leasing may be more appropriate for your IT, allowing you to update to use the latest and most reliable technology whenever you need it. Contract Hire might help you reduce the costs of providing your vehicles.
At Rangewell we can help you find the most appropriate Asset Funding solutions for your needs.
Getting the right type of loans for particular business needs
At Rangewell, we work with lenders across the UK market and can help you secure the most competitive lending for your business. We can work with you to help you find the most cost-effective source of both Secured and Unsecured loans.
We can also help with a number of specialised loan products
You probably ensure that you are in control of your tax obligations, but a large quarterly VAT or annual tax demand will still be coming your way. It can cause problems with your cash flow, particularly when it falls at the same time as other costs. Tax Loans help you to spread the cost of your tax demands into affordable monthly payments.
- Better control of cashflow
- Fixed monthly payments
- Quick and simple to arrange
- Avoids issues with HMRC, potential penalties and professional liabilities
Growing your insolvency practice will mean taking on more staff. Whether you want to take on trainees or hire experienced advisors from other firms, having the right financial solutions in place will be essential to ensure your business can grow around them.
Lenders may require an established trading history and record of profits, but it may be possible to arrange Growth Finance based on your profit projections, rather than on your trading history.
Get our help finding the most appropriate lending for your needs.
Should you consider alternative business funding?
Alternative business funding, including Crowdfunding and Venture Capital, has become popular - but at Rangewell we believe these new solutions can have major drawbacks. Costs can be high, raising the funds can mean long delays or even fail altogether, and there is the risk of loss of control. We can help you find better alternatives for yourself and your clients, with the new generation of lenders who have a more flexible approach.
How we help you capitalise your business
At Rangewell, our expertise works to bring you the financial solutions you need to capitalise your business, whether you want to fund capital expenses, working capital or growth.
Whether you have a straightforward finance need, or require a complicated ‘Jigsaw’ funding plan made up of a combination of products, we can work with you to find the answers that are right for your needs.
Call us now to get our experts working for you and your clients.
REAL EXAMPLES OF WHAT WE CAN DO
Find a lender willing to advance funds for a client close to insolvency - which allowed the practitioner to negotiate with creditors.
Help arrange asset funding to equip a startup insolvency practice
Find the most competitive loan to let a practice acquire premises
Help an insolvency practitioner arrange asset finance for a client in CVA
Help a arrange ‘jigsaw’ funding for a partner to buy out their business when its owner was ready to retire
Discover our range of finances
Every type of finance for every type of business
Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.
Helping you build your profits
Lending tailored for your clientsAt Rangewell we can help you secure the most appropriate finance for any funding need your clients have.
Experts who understand your workAt Rangewell, we understand the challenges your clients present. We use our specialised knowledge to support you in your work.
Knowing the lenders who can say yesWe know the clients who can take a flexible approach to lending - and provide the funding your clients need to survive.
Any type of fundingWe help all types of business access all types of funding.
Providing solutions for equipmentWhether you need office equipment, IT or a vehicle, we can provide the funding from sympathetic lenders.
Helping support your own business plansWe can provide a range of financial solutions for the needs of your practice, as well as for the clients you work with.
Download Rangewell’s free and detailed guide to Business Finance for Insolvency Practitioners
What funding options are available to licensing insolvency practitioners?
How can you find funding solutions for different areas of your insolvency practice?
What paperwork do you need in order to apply for finance for your insolvency practitioners (IPS) business?
How we can provide an additional income stream
Are there safeguards in place to stop you entering into financial difficulties when taking out debt finance?
You are familiar with terms such as business recovery, individual voluntary arrangements, company voluntary arrangement and formal insolvency procedures, but what business finance terms do you need to know when searching for the right funding agreement?