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Case studies

How asset finance has helped our customers realise their ambitions

Case studies

Moanna

Yacht charter business launches on a wave of success.

What did Moanna want to achieve?

The acquisition of a new 24m luxury yacht for his own private use and for charter.

How Lombard helped Moanna

  • Provided a marine leisure mortgage for 70% of the yacht’s purchase price
  • Introduced the client to a specialist marine lawyer to help with the process
  • Introduced him to a wealth manager at Coutts & Co, to help with his wider international banking needs

Flight Calibration Services Ltd.

Investment in new aircraft and equipment upgrade sees uplift in operations.

What did FCSL want to achieve?

The refresh and expansion of their fleet of light aircraft.

How Lombard helped FCSL

  • Provided aircraft mortgages for six new aircraft, each with a five-year term
  • Provided funding for the purchase of new navigation testing equipment
  • The new aircraft have significantly lowered FCSL’s operating costs and enabled them to expand their operations in other geographical regions.

Applegate

Online marketplace scales up with IP funding.

What did Applegate want to achieve?

The development of its procurement platform, using Lombard’s Intellectual Property Funding solution.

How Lombard helped Applegate

  • We took full ownership of the company’s software IP against the funding we were providing.
  • The use of the software was licensed back to them for the duration of the funding term.
  • To date, Lombard has provided four rounds of funding against the software IP value of Applegate’s software.

Bibby Financial Services

Transformative technology funding at work.

What did BFS want to achieve?

Upgrade and standardisation of IT hardware estate and investment in third party and proprietary software.

How Lombard helped BFS

  • Provided a credit facility offering a range of supply and leasing options
  • Provided a loan facility to help them finance third party software costs
  • Extended the facility using our innovative Intellectual Property Funding solution to finance further development of their proprietary Olympus software.

Morning Data

Innovative thinking turns IP into working capital.

What did Morning Data want to achieve?

Morning Data was looking for funding to enable it to implement a major upgrade to its NOVUS platform.

How Lombard helped Morning Data

  • We took full ownership of Morning Data’s software IP against the funding we were providing, and licensed the use of it back to them over the funding term.
  • At the end of the term, Morning Data can (for a fee) ask us to transfer all rights and interest in the software IP back to them, or request that we sell it to a third party.

Europa

IP funds roadmap for growth.

What did Europa want to achieve?

Funding to enable the business to drive its growth strategy, in particular to help finance an increase in its sales force and further development of its proprietary software.

How Lombard helped Europa

  • We took full ownership of the company’s software IP against the funding we were providing, and licensed the use of it back to them for the duration of the funding term.
  • At the end of the term, Europa Worldwide can (for a fee) ask us to transfer all rights and interest in the software IP back to them, or request that we sell it to a third party.

Sunseeker London

Increased facility gives leading luxury yacht distributor more leeway

What did Sunseeker London want to achieve?

  • An increase on the level of stocking finance facility we provided when its other provider re-focused its lending activity away from Europe

How did Lombard help Sunseeker London?

  • A six-fold increase in the stocking finance facility, enabling Sunseeker London to continue to acquire and sell on new and used yachts while preserving cash flow

Zenith Aviation

The sky's the limit for expanding aviation charter business

What did Zenith Aviation want to achieve?

The business was looking for funding to help add two Learjet 75s to its charter fleet.

How did Lombard help Zenith Aviation?

  • A five-year loan agreement where we provided an 85% Aviation Loan, enabling Zenith Aviation to keep their initial deposit low
  • A year later, they approached us for funding for another Learjet 75, which we provided on the same basis.

Tomlinson

Asset finance helps employees invest in their own future

What did Tomlinson want to achieve?

Asset finance to support their investment in a new etching machine

How did Lombard help Tomlinson?

  • Having undertaken due diligence to gain an understanding of this Employee Owned business and its requirements we were happy to agree a hire purchase arrangement
  • Tomlinson purchased the machine from German suppliers, we reimbursed the business and converted the funding into the HP loan

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