Case Study

Acacia Associates

£160k business interruption loan for Acacia Associates Limited.

We were delighted to help Midlands based Acacia Associates Limited to successfully access £160k of funding through the Coronavirus Business Interruption Loan Scheme (CBILS).

Established in 2014 by Mark Harvey, Acacia Associates is a building surveying company working for a diverse group of private and commercial clients including homebuyers, insurers and housing developers. Its projects cover residential, commercial, industrial, education, leisure and insurance sectors.

In April, COVID-19 brought the property market to a standstill which had an immediate impact on Acacia’s operations and cashflow. As construction sites closed due to social distancing, Acacia was unable to achieve a contractual milestone. Subsequently, a milestone payment was delayed preventing essential cashflow into the business.

Acacia’s owner sought our support to help him apply to the Coronavirus Business Interruption Scheme (CBILS) for funding. The Royal Bank of Scotland approved a £160k loan allowing Acacia to continue with its contractual obligations, achieve key milestones and return its trading to a near normal level.

Building Value

How we helped Acacia Associates to access funding...

  • Preparation

    Getting a deep understanding of the business as well as the financial impact in a short space of time was essential for a speedy outcome. We engaged with Acacia’s owners and condensed a lot of management information into a concise lender presentation pack.

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  • Financial Modelling

    Presenting an accurate financial forecast to Acacia’s lender was critical to a successful outcome. We built a 24-month financial model to ensure the lender had all the essential information to make a funding decision.

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  • Relationship Management

    To allow Acacia’s owners to focus on running the business, we engaged directly with the primary lender and chased critical timelines to ensure an efficient workflow.

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From the initial call to Rick, through the process with Daisy, the service was slick, coherent, and simple. A special commendation for Daisy - top professional work!
Mark Harvey Founder, Acacia Associates Limited

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