Key points
Short-term funding requirement
Fine jewellery provided as security
Funding accessed without a need to sell
Background
Client B had a significant tax payment to meet within a defined timeframe and required access to additional capital. They held a valuable piece of fine jewellery and wanted to avoid selling the asset to meet the payment.
Solution
Following valuation and the required checks, a £60,000 Asset-Backed Lending facility was secured against the eligible jewellery. The asset was securely held throughout the agreement, providing Client B with access to the capital required for the tax payment.
Outcome
Client B released capital against a valued piece of jewellery, helping meet a time-sensitive payment without the need for an immediate sale.