Background – Supporting a trusted local business partnership
Mr Li & Mrs Sasikumar are well known and appreciated clients of the Hampshire, Dorset & Isle of Wight office of ASC Finance for Business.
We were first introduced to Mr Li & Mrs Sasikumar by a trusted introducer in November 2020, to help with their commercial funding requirements.
Since the introduction, we have supported NGG & More Limited, as well as their other associated businesses to obtain commercial finance for their various ventures.
Challenges – Expanding into a new local store after 25 years
Mr Li & Mrs Sasikumar were keen to purchase the convenience store in Water Lane, Totton, as there hadn’t been one in 25 years. Our clients knew there would be a large footfall as it’s close to the centre of Totton, and there would be a local need for the store to open. The shop has been open a few months now and the footfall into the store is ever increasing.
Solution – Helping secure funding for growth and expansion
Mr Li & Mrs Sasikumar, have great plans for the store. They are looking to extend out the back to give greater floor space, which will allow more of a range of products to sell. Our clients’ will be installing a coffee and lottery machines on the premises, to bring in the extra revenue.
Our clients have two other convenience stores which they have brought and are running successfully. Once based in Freemantle and the other is in Regents Park in Southampton.
Outcome – Continued success and lasting client relationships
When asked why they come back to ASC Finance for Business for their commercial finance requirements, our clients advised:
“It is always a pleasure to work with ASC, there is always someone there on the phone to provide the latest update and push the process forward. Dan and Lisa understand every single detail from our side and point of view regarding the application, there is no barriers in communication. It is not easy to find a similar company with the same professional competencies and the level of attitudes.”
Dan Gateshill, Regional Director for ASC in Hampshire, Dorset & Isle of Wight commented:
“We have assisted Yi and Amsadevi on several occasions with their commercial funding requirements. One of the benefits of being a broker is to see how our efforts manifest and assist our clients to achieve their goals. Yi and Amsadevi now operate several businesses in and around Southampton and we are proud to have supported them on their journey.”
You can find out more about Water Lane Store here
