The practice wanted to fund its quarterly VAT liabilities rather than pay them from working capital. Across six separate VAT facilities, we arranged £78,145 in total. Six VAT facilities completed, totalling £78,145. The practice pays its VAT on time and keeps its cash for running the firm.
Professional firms are built on people, fees and client relationships rather than machinery or stock. That changes how a lender needs to look at them.
This solicitors' practice wanted additional funding, assessed on the quality of the firm itself.
01
The requirement
The practice wanted to fund its quarterly VAT liabilities rather than pay them from working capital.
Across six separate VAT facilities, we arranged £78,145 in total.
02
The challenge
Law firms carry work in progress and wait for matters to complete before they are paid. A VAT bill that arrives before the fees do takes cash out of the practice at the wrong time.
03
The structure
We arranged VAT funding that spread each liability over the following months, so the practice paid HMRC on time without drawing down its working capital.
As each quarter came round, we arranged the next facility.
04
The result
Six VAT facilities completed, totalling £78,145.
The practice pays its VAT on time and keeps its cash for running the firm.
What our clients say
I’d like to say a big thank you to Simon and the team for successfully assisting with the sourcing and placing of our most recent funding. Simon was able to secure a lend when others appeared to have run out of appetite to place business or source viable options. I would highly recommend Simon should you need to raise capital or finance for your business needs.
Solicitors’ practiceManagement teamGoogle review
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Can a professional firm borrow without much physical security?
Often, yes. Lenders that understand professional firms look at fee income, client relationships and the strength of the practice rather than machinery or stock. See funding for professional practices.
Can a business borrow to pay a VAT or tax bill?
Often, yes. VAT, corporation tax and other HMRC liabilities can be spread with a dedicated tax funding facility, so the bill is paid on time without draining working capital. Subject to status. See HMRC and tax funding.
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Your business
Could this structure work for your business?
Every case is assessed on its own merits. These pages explain the finance used here and what lenders look at.
Client details are anonymised. Every case is different and past results don't guarantee future outcomes: lenders set their own criteria and all finance is subject to status.
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