The following takes you through the six steps to becoming a Burdale client. Our highly experienced team will help to make this process as simple as possible.

STEP 1

Review of financial information

Review of financial information and assessment of requirements and meeting with Management to discuss same. This will review:

• Current management accounts
• Latest audited accounts
• Financial projections
• Aged debtors analysis
• Stock summary
• Aged creditors analysis

STEP 2

Issuance of outline funding proposal

Issuance of outline funding proposal, including terms, rates and key conditions

STEP 3(i)

Due diligence by Burdale of assets

Due diligence by Burdale of assets, reporting systems and trading performance. The Burdale review typically includes:

• 5-10 days' detailed work
• In-depth review of each area
• Substantial analytical and transactional testing
• Identification of particular collateral reporting and underlying business issues

STEP 3(ii)

Independent 3rd party valuations

Independent 3rd party valuations of property, inventory and any other relevant asset

STEP 4

Legal documentation process

Legal documentation process

STEP 5

Implementation of Burdale systems

Implementation of Burdale on-line systems with client to ensure full facility operation. This will include regular:

• Sales and invoice assignments
• Calculation of availability
• Stock reporting
• Review of ineligibles
• Financial information updates
• Reviews

STEP 6

Funding released and client 'goes live'

The outcome of the above procedures provides Burdale with an in-depth understanding of a prospective client's business dynamics and funding requirements and also allows Burdale to provide transparency to prospective clients in terms of how the facility will operate and how funding availability will be calculated. This proves an invaluable exercise to clients for the purposes of accurately forecasting cash requirements and headroom and allows us to operate a 'no surprises' policy with our clients.

The flexible form of finance provided by Burdale ensures that facility increases or modifications can be easily incorporated and delivered in accordance with our clients' changing needs.