Equipment Acquired For An R&D Company 6 Months Before Budget Became Available

The Client

One of the world’s leading engineering and scientific technology companies, with expertise in precision measurement and healthcare.

The Highlights

• New Machine Tool Center
• Leading R&D Company
• Limited Budget Funds For Immediate Capital Expenditure Needs
• Solution Allowed For Immediate Acquisition Of Equipment
• Maintained R&D Timeline
• Remained Within Budget Guidelines

The Challenge

The company’s research and development department had an immediate requirement for a machine tool centre, but were constrained by having no capital budget for its acquisition and the next round of budget allocations at least six months away.

Going Beyond Finance

The Somerset team was able to work with the company’s procurement department in providing a short term lease facility that matched an already agreed small R&D budget, allowing for immediate acquisition of the asset and flexibility to structure its retention or return depending on subsequent commercial needs or budget allocation. The facility allowed the company to maintain its R&D timeline while still staying within existing budgets.