Digby Fine English Wines, founded by Trevor Clough and Jason Humphries, repay loan secured on their maturing wine.
Trevor and Jason found an interesting way of sourcing investment to grow – a Peer-to-Business funding solution from F&P Sponsors. Ivor Freedman’s flare for resolving conundrums led to the loan being secured against the value of the wine itself.
“Secured Business Funding has enabled us to grow the business at a far quicker rate than we would otherwise have been able to.” said Trevor Clough who recognised that, “F&P identified a value in the wine that was maturing and saw it as an appreciating asset. Consequently, Digby was listed on the ThinCats platform and the funds were raised.”
Trevor is in no doubt of the part F&P has played in the company’s growth: “Many of the more ‘traditional’ forms of lending were not open to us, as it appeared that we did not have the levels of security they were looking for.”
Contact F&P if you would like to explore SME or property funding solutions for your business.
Call us on 020 7433 3631, email Rolly Bakshi, Head of Business Development or leave a comment in the panel below.