Client profile: Steve Smith – Business Doctors

  • “It was a comprehensive process which also had the personal development benefit of completing a detailed business plan with robust projections.Clifton provided support and challenge in equal measures”
  • “PLF provided the investment to acquire the franchise, provide sufficient working capital and in effect, not leave me under the pressure of carrying significant third-party debt. Clearly the pension has to be repaid, but the pressure feels different as you are returning additional money to your own pension.”

Did you know Pension-led funding could help you invest into a franchise?

Having set up his own limited company, Higher Plane Consulting Limited, Steve Smith became interested in becoming a Business Doctors franchisee, to help local small and medium sized enterprises to achieve their own vision.

Why should someone choose Pension-led funding to help invest into a franchise? “I looked at various funding options however PLF stood out as it was effectively loaning money from myself and re-paying the capital and interest back to myself rather than a third party”.

As the only form of funding where the finance provided is paid back to pension, many business owners see Pension-led funding as a more efficient way of borrowing money than other sources of funding.

“It was a comprehensive process which also had the personal development benefit of completing a detailed business plan with robust projections.Clifton provided support and challenge in equal measures” Steve said.

“Rather than being an onerous task, going through such detail and the subsequent challenges to the plan actually served to reinforce that I was doing the right thing”.

What’s more, Steve had the additional support of Business Doctors, a successful and established franchise model. This meant that Steve had support readily available from both Pension-led funding and the franchiser itself, making the process “Not as difficult as initially imagined”.

“PLF provided the investment to acquire the franchise, provide sufficient working capital and in effect, not leave me under the pressure of carrying significant third-party debt. Clearly the pension has to be repaid, but the pressure feels different as you are returning additional money to your own pension.” Steve said.

The UK lockdown has proven challenging for many businesses, however this case is just one example of how the Pension-led funding process is operating as strong as ever to meet clients’ needs.

So, should a business owner put off exploring this option during COVID-19?

“Not at all. We have never been a ‘computer say’s no’ organisation and we will review Pension-led funding on a case-by-case basis. From a personal wealth point of view now is a very good time to review matters and see if recent changes could affect established retirement plans.” Said Lewis Metcalfe, Senior Financial Adviser.

  • The Pavilions
  • Eden Park
  • Ham Green
  • Bristol, UK
  • BS20 0DD
  • T +44 (0) 0800 014 7099
  • E info@pensionledfunding.com
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All companies are registered in England – Registered office: The Pavilions, 69-71 Macrae Road, Ham Green, Bristol BS20 0DD. Clifton Consulting LTD (NO. 07207668) and Clifton Wealth Limited (NO. 07207206) are appointed representatives of Clifton Compliance Services LTD (NO. 06529425) which is authorised and regulated by the Financial Conduct Authority.