Close risk warning

As with most forms of investment, peer-to-peer lending carries a degree of risk to your capital; in this case, if the borrower is unable to repay their loan. At Assetz Capital, we seek to reduce this risk to our investors by taking asset security on every loan, with the added benefit of a discretionary Provision Fund for some of our investment accounts. Investment Account target interest rates should be considered along with the relevant Investment Account expected defaults & losses information. Past performance does not guarantee future performance. We recommend that prospective lenders read the Key Investor Information pages before investing.

Hayfield Engineering Ltd

Wolverhampton, West Midlands

When the management team of Hayfield Engineering Ltd wanted to purchase the business from the current owner, Assetz Capital put them in touch with investors.

611

£275k

£450

Intro

The loan allowed the existing General Manager Steve Phillips and experienced external Director Andy Proffitt to fund the buyout of the specialist engineering firm from the previous owner.

Hayfield Engineering Ltd has been in business since 1983 and is situated in the heart of the UK’s manufacturing industry in the Midlands. The niche business feeds the larger global engineering firms around the region, supplying mainly to the aerospace and petrochemical industries.

Hayfield Engineering Ltd
Hayfield Engineering Ltd

Impact

The new owners, who were introduced to Assetz Capital through Ludgate Finance, plan to build on Hayfield Engineering’s heritage by expanding their current client base within the water and oil industries and use the new Director Andy Proffitt’s connections within the automotive industry to expand the business.

Previous case study   View all case studies   Next case study