Our client acquired a takeaway business at auction, having been promised financial backing by a friend. The “friend”, however, disappeared abroad taking his cash with him so our client turned to one of his banks. When they couldn’t help, the banker asked me to find some short term finance with a view to their taking the business on in six months time.

By now the completion date was imminent and the Christmas break was upon us. We had to employ some stalling tactics, maintain the goodwill of the vendor, apply pressure to various parties and keep the client calm. The purchase has now completed, our client’s deposit saved and his opportunity for further success secured.