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Clear Vision Financial Management Limited funds major acquisition with improved cash flow

“We needed a loan to give us room for manoeuvre so we could make strategic decisions when we needed to. This included funding a significant acquisition, which thanks to Esme and its fast approval process, was a deal we were able to secure in time. This has had an enormous impact on our future growth and added a third onto our revenues.” Sean Daniel, Managing Director, Clear Vision Financial Management Limited
Clear Vision Financial Management Limited funds major acquisition with improved cash flow

Clear Vision Financial Management Limited is a forward-thinking financial management and accounting practice, established in 2011 by a team of chartered management accountants. Led by Sean Daniel and with offices in Romsey, Hampshire and Poole, Dorset, the practice is known for providing personalised service when helping clients to fulfil their strategic growth objectives.

The challenge

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As well as needing to fund general business growth, Sean and the team had been pursuing a significant acquisition opportunity. This would increase accessibility to their target client base of small to medium-sized enterprises with turnovers between £1m - £10m. As the deal was dependent on rapid access to funds, Sean decided to take out a business loan. However, applying for a loan had proved challenging, as the practice had been offered inflexible rates by its existing service provider with waiting times of up to three months for the funds.

Applying for a loan with Esme

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Sean compared other service providers through an online comparison website before choosing Esme, having been impressed with the speed and simplicity of the service it offered. Esme offers unsecured business loans to businesses from £10,000 (or £25,500 for sole traders) to £250,000 over a one to five year repayment period, with no set-up fees or early repayment charges. Applying for a loan with Esme was easy and the team completed an online application without any additional paperwork, before receiving the funds the next working day.

The Impact

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Following the successful completion of the acquisition, and by serving a larger client base, the practice has increased its revenues by a third. This has had an enormous impact on its future growth projections and ability to compete in the marketplace.

Supported by this loan, Sean has hired a new marketing manager to develop its long-term outreach strategy and has also invested in new IT such as laptops, for the benefit of its employees. Elsewhere, the practice has been able to further diversify its service offering and now works with clients attempting to claim for research and development (R&D) tax credits, for which it has a 100% success rate. Following its positive experience with Esme, Sean will use the service provider in the future for another loan, should the practice need one.

How could Esme help?

These are difficult times for many businesses, so it’s important now more than ever, to take good care of yourself and your team. If you’re concerned about your business being impacted financially due to coronavirus, visit our website for information about how we may be able to support you.