Location: Lincolnshire
General Background
A fourth-generation arable farmer growing wheat and barley was looking to modernise their grain storage facilities. The existing on-farm silos were no longer compliant with modern hygiene regulations, and spoilage losses were becoming financially unsustainable. A new steel grain store with drying and ventilation systems was required to protect harvest value and enable longer-term storage.
Finance Background
- Limited company
- Property owner with 60% mortgage
- Modest but consistent annual profit
- £25,000 overdraft
- Strong trading history with local cooperatives
Alchemy Funding Approach
- Type: Sale & Leaseback
- Term: 60 months
- Funding security to value: 50%
Security
- Grain trailers
- 2 Tractors, loader & combine harvester
- Telehandler
- 20-tonne lorry
Rate
- 9.6% net
