Precise has completed a £1.75m bridging loan for the owner of a private school group – demonstrating how short-term finance can be used to address liquidity pressures where strong property security and a defined exit strategy are in place.
The facility was introduced by Sirius Finance and was arranged following increased cost pressures faced by the borrower after VAT changes affecting the private education sector came into force in January 2025.
Rather than pass the additional costs on to parents, the school group elected to absorb the expense, creating a short-term funding requirement to support business operations.
The bridge was secured against an unencumbered portfolio of five buy-to-let flats in West Kensington valued at £2.865m, with the transaction structured around a planned asset sale as the exit strategy.
JMW acted as legal adviser on the transaction.
PRACTICAL SOLUTIONS
Alan Kimber (main picture, inset), head of bridging at Precise, says: “This was a straightforward structure built around a strong unencumbered asset and a clear exit.
“With that in place, we were able to move quickly to release capital and support the borrower through a period of cost pressure.”
Oliver Eastgate, associate at Sirius Finance, adds: “It was a pleasure working with the teams at Precise and JMW on this facility.
“They were quick to understand the challenges we faced and proactive in identifying practical solutions that worked for all parties involved. Their commercially minded approach was instrumental in delivering a successful outcome.”
