A county cricket club used a 750,000 asset finance facility to partially fund new floodlights to enable its ground to stage evening matches.

If you move all of this in-house, remember that invoice finance facilities can be confusing.

The terms will be up to six years for term loans and asset finance facilities.

The company needs to renegotiate two financing facilities next month and yesterday said it would not meet market expectations for its annual results after a downturn in sales.

But by guaranteeing customers for a privately constructed and financed facility, a private entity could issue its own bonds, privately, on the strength of the publics waste assurance.