A new venture is being
launched in June to help companies looking to raise funds who
face a long-standing problem . raising
finance when the loan sought is too big to fund via an overdraft
but too small to interest traditional venture capitalists.
Janus Venture Finance provides short
and medium term funding solutions for businesses looking to
raise £250,000 - £5
million but unable to do so through traditional channels. Its
focus is around short-term (3 months to 364 days) mezzanine funding,
enabling businesses or professional practices to invest in growth
Janus Venture Finance already works with lenders and providers
of funding to assist companies who may not be able to extend
their borrowing from regular sources any further, or where there
may be a need for some restructuring before existing providers
will feel comfortable lending more.
It is unusual in taking a broad view on the security available
to secure funding. As well as property and plant and machinery,
consideration is given to secure against work in progress or
order books, intellectual property, book debt or personal guarantees.
The launch follows on the back of a highly successful trial period,
during which a series of deals have been completed. These ranged
from an advance of £350,000 to a medium sized legal practice,
which was secured on Work in Progress, to a twelve month bridging
facility of £1.1m secured on intellectual property and
an equity stake for a utility sector supplier.
Each application will initially be
evaluated by Hoskyn Child International, who's chairman Jonathan
Wooller said: "Janus Venture
Finance is aimed at a wide selection of businesses, ranging from
manufacturers through to professional firms. By taking into account
a far broader range of security, which traditional funders cannot
always consider, we believe we can assist many companies who's
growth is currently held back by lack of access to funds."
"Far from competing, we are looking
to complement traditional banking and financial sources by
supplementing their existing arrangements or providing total
solutions for the client's funding requirements. Taking this
broader view on the security available often allows the existing
funder and client to retain current relationships for the future."
"By accessing a network of investors
who find the returns from the City, pensions or property unattractive,
and who are not risk-averse, we can add another dimension to
fund raising. We are already receiving increasing numbers of
enquiries for financial brokers, banks, accountants and factoring
To download coverage in South East Business Magazine - click
Notes To Editors:
1) For more information, or for pictures of Jonathan Wooller, please contact us on 01322 424594
2) The Janus Venture Finance team operate from offices in London
, Dartford , Kent , and Sutton, Surrey .