ASC - Fit for anything...!

Cleo Collins and Neil McLaren were the owners of Hillmotts LLP, a very successful relaxation and fitness retreat with a highly developed boot camp business based in Beaconsfield in Buckinghamshire. They had been running one of their venues in the Cotswolds from rented accommodation, but they were outgrowing the site and wanted to purchase their own property before it started to affect their business.

After some searching, Cleo and Neil found their ideal property on the edge of a classic Cotswold village. It had been used as a large bed & breakfast for some years but suited their needs exactly. Unsure of how to fund it, they approached Paul Silver of First Financial Solutions in Chalfont St Peter who immediately put a call into his local ASC office and talked the idea through with Philip Thompson, the ASC Director for Buckinghamshire. 

Philip spoke directly to Cleo and Neil who explained that the purchase price of £770,000 was to be funded using a mixture of a Self Invested Pension Plan, cash from the business, and a mortgage of £505,000. Philip quickly realised that this was a complex proposal, as both the SIPP and the LLP would have to be on the mortgage and it needed a great deal of care and attention. With the help of their IFA, Paul Campion of Succession Group in Amersham, the proposition was put together and a lender was sourced who had the relevant experience to complete such a difficult transaction. Offers were received; valuations instructed and with a good deal of management, Hillmotts moved into their new venue within three months of the original telephone call.

“I wanted to thank you for the lovely flowers and for all your help during the purchasing process. I can’t thank you enough and will be sure to recommend and use your services again in the future.” Cleo Collins, Managing Director

To find out more about Hillmotts, visit http://www.hillmotts.co.uk/

Read more about how ASC can help finance your Health Club