HTB Structured Asset Finance has completed a £3m asset refinance to assist a container hire group of businesses.

The case was introduced to HTB by Approved Business Finance as they sought a solution to match the complex demands of their client.

The container hire firm had seen business volumes double from pre-Covid levels and had also been presented with some potential acquisition opportunities which required additional liquidity to enable them to act upon these.

HTB supported the business by refinancing some of their existing assets to release £2m which could be used to both purchase additional assets and provide the additional liquidity required.

Robert Still (pictured), head of sales, structured asset finance at Hampshire Trust Bank, said: “This facility highlights HTB’s ability to understand exactly what the business required and deliver a solution to meet all their needs.

“Furthermore, HTB were able to respond within tight timeframes delivering a service above and beyond the customers’ expectations. We are looking forward to working closely with them on further deals going forward.”

Rory Dunn, co-founder of Approved Business Finance, added: “I have been involved in many cases over the years and this particular structured refinance transaction, which included non-traditional assets, was particularly complex.

“However, HTB’s ability to process multi million-pound transactions with such efficiency and commerciality is very impressive and is the reason we love to work with Rob Still and his team.”