Why Choose Us - WF Financial Solutions
Freephone 0800 084 3923 (8:00am - 9:00pm)
We work with authorised partners of the British Business Bank for the Coronavirus Interruption Loan Scheme
We work with authorised partners of the British Business Bank for the Coronavirus Interruption Loan Scheme

Why Choose Us?

We compare the market,
so you don’t have to.

 

N

Experienced Team

We are a team of industry specialists, with years of experience in varying sectors.

N

No Obligation Quotes

100% free no obligation. We compare the market and provide you with the best quotes.

N

Lowest Available Rates

We work closely with our partners – which provides us access to exclusive rates & offers.

Request a quote and we will compare the many finance lenders for the best deal.

[contact-form-7 404 "Not Found"]

FREE no obligation quotes

We compare funders for YOU

We get exclusive offers & LOWEST rates

Thank you for getting in touch. we will contact you at your requested time

Market Leading Finance Brokers

We are an independent market leading finance broker, providing a variety of finance products to businesses located throughout the UK.

Request a quote and we will compare the many finance lenders for the best deal.

[contact-form-7 404 "Not Found"]

FREE no obligation quotes

We compare funders for YOU

We get exclusive offers & LOWEST rates

Debenture

A debenture is a means of a company giving a UK lender, security over their loan. Essentially, a debenture is a charge made over the borrower company’s assets, giving the lender security if the company defaults.

What is a debenture?

Debentures provide a charge over company assets and are very common with lenders, with almost all invoice finance deals including a charge. A debenture can cover all manner of assets, from standard stock, machinery, office equipment, property and sometimes even the whole of a company’s assets. Typically, a debenture will create a fixed charge over the specifically named assets of the company, usually fixed assets which are not regularly traded through the course of the business. A floating charge will then be put on the rest of the company’s assets.

A floating charge will grant the creditor some rights, such as the authority to appoint an administrator with powers to run the company and even sell its assets, if the borrower finds itself in default.

Different types of debenture charge

There are two different types of debenture charges, with lenders tending to seek one or both of the following depending on the nature of the deal.

debenture

Fixed charge

A fixed charge gives a lender to take possession and realise the asset in the event of default to recoup any debt.  Essentially it grants the lender possession and ownership of the borrower’s asset. If the asset realises more than the amount of the debt, then any surplus must be returned to the company (or to any appointed administrator or liquidator). If there is a shortfall the charge holder can take action against the company or claim against the appointed administrator or liquidator.

Fixed charges are normally held against the property, or other specified fixed assets.

As well as a fixed charge being able to cover a freehold or leasehold property, it can also cover other  assets. A company could see a fixed charge over building fixtures, trade fixtures, vehicles, fixed plant and machinery. When there is a fixed charge in place like this, the borrower would be unable to sell the asset without having the lender’s permission. If there was to be a sale, usually the proceeds would go towards the lender, or a new asset substituted with the lender.

Floating charge

A floating charge is very similar to a fixed charge; however, it covers a different range of assets from stock, vehicles, raw materials, debtors, intellectual property, fixtures and fittings. The nature of a floating charge means that these assets could change over time or on a regular basis, which in turn means that the borrower could sell these assets during their ordinary course of business without reference to the charge holder.

If there is a default situation with the borrower, that is when the lender can enforce the debenture effectively turning it into a fixed charge. This process is also known as the debenture crystallising. At this point, the borrower would not be able to deal with the assets in question unless they gain permission from the lender.

If there is an insolvency procedure, such as a liquidation or administration, a floating charge would give the lender priority over unsecured creditors when it comes to the allocation of asset realisation.

What can we do for you?

If you are looking at possible finance deals but are unsure about what a debenture could mean for you, it’s vital to understand your position. We would be happy to help guide you through what a debenture means for your finance deal and the effects it has.

If you’re considering a form of commercial finance, to help give you that extra source of funding, we are ideally placed in the market to help you proceed. We have years of experience working in the sector and have developed strong roots and connections, leaving us in the best possible position to negotiate the best deal for you and your business objectives.

Some of the partners we work with...

Why Choose Us?

WF Financial Solutions is an independent broker of invoice, asset and trade financing solutions with links to lenders of all sizes and specialties. WF Financial Solutions has helped many clients through the range of lenders and their varying services and are proud to offer advisory and introductory services to finance providers that suit your needs.

How can we help you?

At WF Financial Solutions, we work closely with a wide range of finance providers so we are always well placed to offer you the best finance deal.

WF Financial Solutions are an independent broker of invoice, asset and trade financing solutions with links to lenders of all sizes and specialities. We have helped many clients through our contacts, with a range of lenders offering a variety of services and are proud to offer advisory and introductory services to finance providers that suit your needs.

Due to the relationships we have carefully honed with our years of experience knowing what finance suppliers are looking for, we are best placed to negotiate special rates and arrangements. This puts us in a great position to secure favourable terms and conditions with our panel of lenders, tailored to what your business need,s which you would not have access to if you contacted them directly. Combining this with our industry leading knowledge and insight, it means that we can help you source the finance solutions you need.

Our promise to customers

The number of finance providers available is truly baffling and the number of products available even more so. Some providers are large players offering hundreds of services, whilst some are small specialist lenders offering specifically tailored products to a limited range of niche clients. For this reason it can be difficult to find a financing provider and service that not only provides you with the capital your business requires, but delivers exceptional customer service all at the best possible price.

Some of the partners we work with...

Meet the people that can help you

Our team has helped business owners both big and small, find the best solution for their funding needs. We are uniquely placed to get the best deals available from our panel of partners.