Robert Still from Hampshire Trust Bank. Credit: Hampshire Trust Bank.

Hampshire Trust Bank (HTB) structured asset finance has completed a £3m asset refinance to help a container hire group of businesses.

The case was introduced by Approved Business Finance to HTB because the client was enjoying a doubling of business volumes from pre-covid levels and was lookin to take advantage of some acquisition opportunities, requiring further liquidity.

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HTB was able to support the container hire firm by refinancing some of its existing assets to release £2m, which could be used to buy further assets and have additional liquidity.

Hampshire Trust Bank head of sales, structured asset finance Robert Still said: “This facility highlights HTB’s ability to understand exactly what the business required and delivered a solution to meet all their needs. Furthermore, HTB were able to respond within tight timeframes delivering a service above and beyond the customers’ expectations. We are looking forward to working closely with them on further deals going forward.”

Approved Business Finance co-founder Rory Dunn added: “I have been involved in many cases over the years and this particular structured refinance transaction, which included non-traditional assets, was particularly complex.

“However, HTB’s ability to process multi-million-pound transactions with such efficiency and commerciality is very impressive and is the reason we love to work with Rob Still and his team.”

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HTB is a specialist bank staffed by experts focused on providing asset finance, specialist mortgages and development finance solutions. The lender also offers savings accounts to individuals and businesses.

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