Onside Issue 4 - 21
ONSIDE / FEATURE
Twisted Automotive
Sussex Court, Thirsk Ind. Park,
York Road, Thirsk, YO7 3TA.
01845 574 990
www.twistedautomotive.com
Defender and rebuild them to modern standards. Twisted's
range starts at £40,000, compared to £23,100 for the
standard Defender 90.
CAP consumer expert Philip Nothard said: "Few cars fetch
more than their original cost new, when demand seriously
outstrips supply. But the Defender is a hugely popular and
iconic vehicle that inspires a special kind of fan. Examples
of the Defender in its run out year will demand a premium
as motorists try to grab their own piece of history.
Asset finance queries?
Speak to Dave Thomas at Seneca Partners
01942 271 746
"Demand for the Defender spiked when Land Rover
announced this would be the last year of production. The
old defender is still in production until the end of January
but it is completely sold out. They did a limited edition
run and that was sold out within weeks. Used values,
particularly on under two year old cars is very strong.
Perhaps the biggest winners in all of this are those specialist
dealers and modifiers who still have stock."
Matthew Warrilow, Director, Debt and Capital Advisory at
PwC in Leeds, said that when the opportunity came to him it
met all his criteria for working with ambitious management
teams looking to grow their businesses, but Twisted also
had a special feel about them: "Twisted has fantastic brand
awareness itself and with entrepreneurial spirit it's growing
on the back of the end of the new builds of the Land Rover
Defender model."
Seneca has provided Twisted with an asset finance line to
fund the purchase of new vehicles for customisation.
There were different options available but Seneca were a
particularly good fit. "Twisted were very forward thinking
in taking this debt opportunity to the market, they had
given a lot of thought as to the structure and pricing of
this deal and were already well advanced with a number
of private debt funders. I was very interested to hear about
the funding they were looking for and quickly felt confident
that Seneca would be a good provider of capital and partner
for them in this deal."
The deal itself says a great deal about the current lending
market, complementing emerging a traditional lines of
funding. As Matt says, in the vast majority of cases financing
with banks will be the most cost effective and flexible form
of finance. "Even when accessing alternative finance, it is
often done in conjunction with existing banking facilities.
The awareness of alternative finance is increasing, with
improving availability not just for SMEs via P2P finance
platforms widely reported in the press, but also with a
number of Private Debt offerings (like the one Seneca has
established) with capital allocated to finance good regional
businesses in the UK. The appetite of businesses for growth
finance is strong and the time is right for them to assess all
options (debt and equity) available to them."
21
http://www.twistedautomotive.com
Table of Contents for the Digital Edition of Onside Issue 4
Contents
Onside Issue 4 - Cover1
Onside Issue 4 - Cover2
Onside Issue 4 - Contents
Onside Issue 4 - 4
Onside Issue 4 - 5
Onside Issue 4 - 6
Onside Issue 4 - 7
Onside Issue 4 - 8
Onside Issue 4 - 9
Onside Issue 4 - 10
Onside Issue 4 - 11
Onside Issue 4 - 12
Onside Issue 4 - 13
Onside Issue 4 - 14
Onside Issue 4 - 15
Onside Issue 4 - 16
Onside Issue 4 - 17
Onside Issue 4 - 18
Onside Issue 4 - 19
Onside Issue 4 - 20
Onside Issue 4 - 21
Onside Issue 4 - 22
Onside Issue 4 - 23
Onside Issue 4 - 24
Onside Issue 4 - 25
Onside Issue 4 - 26
Onside Issue 4 - 27
Onside Issue 4 - 28
Onside Issue 4 - 29
Onside Issue 4 - 30
Onside Issue 4 - 31
Onside Issue 4 - 32
Onside Issue 4 - 33
Onside Issue 4 - 34
Onside Issue 4 - 35
Onside Issue 4 - 36
Onside Issue 4 - 37
Onside Issue 4 - 38
Onside Issue 4 - Cover3
Onside Issue 4 - Cover4
https://www.nxtbookmedia.com