Client Overview
Lemroc Group Ltd, trading as Camwaste, is a relatively newly established company that specialises in waste clearance and commercial recycling throughout Cambridgeshire, Suffolk, Norfolk, Hertfordshire and Northamptonshire. The company has a reputation for being very professional and setting itself apart from its competition. The company has three vehicles in its fleet and is continuing to grow and diversify into areas of waste management and services. The vehicles they use are part of the company’s brand identity, so it is vitally important that they can maintain continuity throughout their fleet.
The Challenge
The relationship between Halo’s Commercial Broker, Anton Lewis and Lemroc’s co-founder, Gary, was already well established through local football ties and previous business interactions. This foundation of trust played a crucial role in opening the door for Halo’s support. Anton had also provided financial support through Halo to Gary’s colleague, so the word-of-mouth referral added valuable trust.
Being a new start-up with one year’s financial records, Lemroc struggled to secure favourable terms for vehicle finance on two commercial vans, which are vital for their continued business logistics. Traditional lenders typically require trading history on companies' houses of at least three years or more, or need to commit substantial upfront capital, making it difficult for new start-up businesses to access the business equipment they need to grow.
With only one set of accounts filed and a limited trading history, Lemroc faced the typical challenges of securing cost-effective finance for two commercial vans. However, thanks to Halo’s responsive service, industry expertise, and strong client relationships, they were able to secure competitive funding in the form of two hire purchase agreements from one of their 130 lenders, with a low deposit, helping to retain good working capital for Lemroc.
Our Solution
We worked with Lemroc to arrange hire purchase agreements for two commercial vans:
1. Van one: £28,000
2. Van two: £19,000 (secured within four months of the first)
Both vehicles were financed separately with a 10% deposit and structured over a five-year term, resulting in manageable monthly payments. Because of Lemroc’s limited financial background, Halo chose to use manual underwriting rather than relying on automated credit decisions. Typically, using a manual underwriter is a longer process than automated credit decisions. However, this allowed a more detailed look at Lemroc’s finances so that Halo could leverage a better deal. In total, the deal took only four days from initial enquiry to approval, which is a testament to Anton's dedication and level of expertise.
Client Relationship
Anton’s hands-on approach and rapid response reinforced trust, providing Lemroc with the confidence they needed as a new business exploring finance options. This was further backed by Lemroc’s decision to enter another hire purchase agreement on a secondary commercial van, once again utilising Anton’s expertise to achieve another 10% deposit deal, structured over a five-year term. Anton’s personal involvement ensured a smooth experience from the outset, setting the tone for a successful, ongoing partnership between Gary at Lemroc and Halo Corporate Finance.
Reflections
This case demonstrates Halo’s ability to deliver fast, flexible funding solutions tailored to the unique challenges of new and growing businesses. By combining a personalised approach with expert knowledge of the lending landscape, we helped Lemroc Packaging Ltd secure essential business assets without compromising working capital. Our responsive service and commitment to building lasting client relationships allowed us to move swiftly, securing funding in just four days and laying the groundwork for continued growth.
Client Quote
"Amazing! I can't recommend Halo Corporate Finance enough. Anton and his team take away all the stress and paperwork from us a small business when we required a new van for our fleet. Having found the van I was looking for, I let Anton know the details and he handled everything for us on our behalf. We have brought two vans in the last four months and Halo Finance has handled both transactions." - Gary Stevens.
Conclusion
If your business needs flexible asset finance or support navigating the complexities of commercial lending, we are here to help. Get in touch with our team to discuss how we can support your ambitions.
Get in touch with Halo Corporate Finance today to explore bespoke funding solutions that work for your business.
