Suros Capital has helped parents fund the VAT that the government has added to private school fees.

Now facing a 20% increase in school fees in January 2025 because of the introduction of VAT, a family has turned to a luxury asset-backed short-term lender to find the money then need to fund their three children’s private education.

£80K LOAN

Suros Capital provided a loan of £80,000 secured against a collection of watches, including Rolex, Patek Phillipe and Audemars Piguet. It was able to provide a funding solution within 48 hours of the enquiry.

The parents had hoped to sell property assets in time to pay the fees but it proved to be impossible in the time they had before payment was due. The loan Suros Capital made will be repaid from the proceeds of the property sale in Spring 2025.

Ed Blackmore, business development director at Suros Capital, said: “The impending introduction of VAT on private school fees has led to a significant number of enquiries from financial advisers and is becoming a looming financial pressure point for all parents with children in private schools.

“Not all parents are able to raise the money they need in time. Fortunately, because our clients had significant assets that could be immediately monetised, we were able to step in and provide the funds they needed until they are able to dispose of their property.”