As 2016 is upon us , and the Motor Sector experiences significant growth in orders and delivery , the challenge facing the industry will be the management and source of finance to ensure the industry has the ability to benefit and not be crippled by working capital and financial shortfall arising from the investment required. Moore Stephens are experienced in this sector and have delivered financial solutions to our clients ensuring they have the ability to fully harvest the benefit from a growing demand in this sector.   
 
We are aware of two particular challenges that seem to be recurring with our clients.
 
1.    Difficulties faced in obtaining funding with traditional Banks, meeting the security and structural requirements
 
2.    The Private Equity groups that have purchased loan portfolios from various Banks and NAMA are actively dealing with these loans through the likes of Capita and Pepper and this represents in certain instances opportunities for borrowers, and will also place demands on borrowers as regards information required.
 
We are very familiar with the requirements of the Private Equity groups and at this stage have built up considerable experience in dealing with them.  In almost all cases exiting from these groups requires new funding, typically from outside the traditional sources.  
 
We have direct contact with these new sources of finance which are typically smaller external Banks, pension funds, individuals and group investors, in respect of sums in excess of €500K. 
 
In addition to providing funding solutions for those exiting the Private Equity groups these alternative funders are also providing finance for new ventures and resolving other legacy debt issues. 
 
Moore Stephens have created a Banking team lead by Pearse O’ Donovan which has been successful in arranging funding, debt restructures, settlements and other forms of lending.  
 
This team works closely with our Management Consultancy & Tax Department to ensure the most innovative tax efficient structures are put in place as part of any proposal.  
 
If you would like to meet with Pearse and the team to discuss your funding or debt position we would be delighted to facilitate this.
 
Pearse can be contacted at our Cork Office at 021 4275176, our Dublin office at 01 8881004 or on mobile 086 8096257.
 
pearse.odonovan@moorestephens.ie
 
Yours sincerely,
 
Trevor Leacy
Partner
Moore Stephens    
 
trevor.leacy@moorestephens.ie