This UK based company provides staging structures, event overlay and is a project management provider for music, sporting, corporate and hospitality events.
This company was formed in 2012, following its management team’s success with the London 2012 Olympic Games. The team has also successfully run Olympic events in Sydney, Athens, Rio and Sochi, re-using 70% of its patented Truss equipment, in line with its strong sustainability principles.
ExWorks Capital offered the client a bespoke, flexible, funding solution in the form of a revolving credit line, to provide working capital for the company’s various contracts to deliver semi-permanent venues for the 2020 Olympic Games, to be held in Tokyo. With a one-year tenor, ExWorks Capital’s senior loan is secured by the company’s underlying assets and contractual income. The funding will be utilized at various stages of project development to bridge gaps between contractual delivery and payment by the client.
“This company approached us to provide working capital to assist with the delivery of its contracts for the 2020 Olympics. While it has other deals in place to finance the £68 million project, we were able to step in to bridge the gaps between project delivery and payment by its client. This provides the company with the vital working capital it needs to proceed with each subsequent project. Such financing allows the company to fulfill and compete for new contracts without straining the company’s finances” stated Chris Ash, Managing Director at ExWorks Capital.
ExWorks Capital provides domestic, import and export trade financing offering financing solutions to businesses utilizing its own capital. ExWorks also carries Delegated Authority granted by both the SBA and ExIm Bank.
ExWorks Capital’s Offerings:
Bridge Financing – ExWorks can provide short-term financing to fulfill existing company needs between $500,000 and $25,000,000.
Domestic, Export, and Import Financing – ExWorks can purchase or finance export/import/domestic goods to provide additional liquidity when selling both domestically and overseas between $500,000 and $25,000,000.
Working Capital Financing – ExWorks can provide financing on both Domestic and International Receivables and Inventory, including advancing on Raw Materials, WIP and Finished Goods, between $1,000,000 and $25,000,000.