Precise has completed a £1.75m net bridging finance facility for the owner of a group of private schools facing increased cost pressure following VAT changes in the education sector introduced in January 2025.
The case was brought to Precise by Sirius Finance. Rather than pass the additional costs on to parents, the borrower chose to absorb them, creating a short-term need for liquidity to maintain stability across the business.
Precise secured the facility against an unencumbered block of five buy-to-let flats in West Kensington, valued at £2.865m, with JMW acting as legal advisers on the transaction. A clear exit strategy was established through the planned sale of the asset.
"This was a straightforward structure built around a strong, unencumbered asset and a clear exit," said Alan Kimber, head of bridging at Precise (pictured).
"With that in place, we were able to move quickly to release capital and support the borrower through a period of cost pressure."
Oliver Eastgate, associate at Sirius Finance, said the collaboration between all parties made for a smooth process. "It was a pleasure working with the teams at Precise and JMW on this facility," he said.
"They were quick to understand the challenges we faced and proactive in identifying practical solutions that worked for all parties involved. Their commercially minded approach was instrumental in delivering a successful outcome."
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