Case Studies: How Unbolted can support you growth
McMillan Fine Art: Financing of art stock
Established for over 25yrs M McMillan & Sons Fine Art Ltd is based in London’s South Kensington. In common with other Fine Art dealers McMillan is committed to keep their stock offer varied and fresh. The requirement to constantly buy and sell can put a strain on liquidity, especially when a tempting purchase opportunity presents itself at an awkward time.
What the Client Says: “Unbolted understands our requirements and delivers a platform for us to grow. They are professional and understanding and we share the same vision.” Cameron McMillan - CEO, McMillan Fine Art.
Fitzrovia Watches: Financing of pre-owned watch stock
What the Client Says: “After using the Unbolted facility for only 6 months we have already doubled our stock in hand and sales. The interest we pay Unbolted is reasonable and the facility can be increased up or down to help us adapt to market conditions. We make a healthy profit on this new incremental business and of course the monthly interest costs can be offset against profits, which is very tax efficient. Best of all we can now offer our customers the widest selection of watches we ever had.” Chris Brown - Director, Fitzrovia Watches.
Forum Auctions: Pre auction financing - direct to vendors
What the Client Says: We have worked with Unbolted Auction Finance for over a year now. The Auction Advance facility for vendors has proved very popular and has provided over £1million in liquidity to our vendors. When pitching for the best lots this Finance Facility has been a very useful tool. The admin process with Unbolted is pain free, both for us and the vendor, and the Interest charges are sensible. We can account for everything as part of the normal sales proceeds process so we don’t have to inconvenience the vendor with monthly payments. Furthermore, vendors are attracted by the non-recourse nature of these advances, thereby having no impact on their own credit ratings. Unbolted’s finance facility really is a win-win for all concerned.” Stephan Ludwig - CEO, Forum Auctions.
Mr and Mrs R: Setting up a coffee business
What the Client Says: “Looking after our families gold and securing it for the future is a big responsibility but we feel happy that in borrowing against it we can start an exciting new life for us and our daughters. The interest rate we pay Unbolted is affordable and we have flexibility on the loan size and length. The thought of having the gold in a secure vault fully insured back in the UK is very re-assuring too” Mr and Mrs R. (now happily settled in India).