Terms of business

This is a summary terms-of-business notice. A full engagement letter is issued before any arrangement work begins and takes precedence over this page.

Regulatory status

Lenzie Consulting Ltd is not authorised or regulated by the Financial Conduct Authority. We arrange unregulated business finance for UK limited companies and limited liability partnerships only, including acquisition debt, leveraged buyout finance, unitranche and mezzanine facilities and asset based lending. We do not arrange consumer credit, regulated mortgage contracts, or lending to sole traders and small partnerships that falls within the Consumer Credit Act; where a case would need FCA permission we refer it to an FCA-authorised firm. We are not a lender and we do not give tax, legal or investment advice.

Scope of service

We source and arrange business finance for leveraged buyouts, business acquisitions, private equity backed deals, refinancings and recapitalisations from a panel of banks, specialist lenders, asset based lenders, mezzanine funds and private equity investors. Our service includes an initial review, a funding structure with a sources and uses table, funder selection, packaging the case, and managing it through credit approval, due diligence and legal completion. We do not give tax, accounting, legal or investment advice and will refer you to qualified professionals where useful. We are not a lender and do not make lending decisions.

We arrange finance to limited companies and limited liability partnerships only. We do not arrange consumer credit, regulated mortgage contracts, or finance to sole traders or partnerships of fewer than four partners where the facility would fall within the Consumer Credit Act. If your case falls within a regulated regime we will refer you to an FCA-authorised firm before any arrangement work begins.

Fees

Initial consultation is fee-free. We charge an arrangement fee of 1% of the debt raised, payable only on successful drawdown. Where a lender pays us an introducer or procuration fee, that is credited first and you pay only the difference up to 1%. No fee at all if the transaction does not complete. The exact figures applicable to your case are confirmed in writing in the engagement letter before you commit. Lenders, valuers, due diligence providers and solicitors charge their own fees, which are payable by you or your acquisition company and are disclosed as they arise.

Security and guarantees

Buyout finance is secured lending. Funders will normally take a debenture over the acquiring company and the target, and personal guarantees from the management team. Any asset given as security, including property, may be repossessed if repayments are not maintained. You should take independent legal advice before giving a guarantee.

Confidentiality

Information you share with us is treated as confidential and is disclosed to funders and other third parties only with your agreement and for the purpose of arranging finance.

Complaints

See the complaints procedure.