Irwin Mitchell’s Banking Team Advises On Deal
Irwin Mitchell’s Banking team has advised leading alternative finance provider, ThinCats, on its £1.6m working capital funding package for premier supercar dealership, GVE London Ltd.
Established in 2009, GVE is one of the UK’s leading independent suppliers of luxury vehicles such as Ferrari, Lamborghini, Rolls Royce and Bentley.
The business was introduced to Thincats by Chris Ashcroft and Stephen Cockell at Ashmore Financial Ltd, advisors to GVE.
Legal advice to Thincats was provided by Dan Webster, partner at Irwin Mitchell.
Dan Webster said: “We are delighted to have supported ThinCats on this deal for GVE London. In just over 10 years, it has built up an enviable reputation amongst thousands of car buyers and this funding package will support it as it looks to grow and take advantage of growing demand.”
David Rai, managing director at GVE London, said: “At heart we are a team of genuine car enthusiasts, who love nothing better than to match the perfect car with the perfect owner. There is a huge amount of experience across the team, and we are all passionate about providing the best service that we possibly can. The funding will enable us to develop this offering, and we are really looking forward to our next chapter.”
Gary Nutley, senior director, London, ThinCats: “It has been fascinating to see inside the workings of a company which deals with such iconic cars, and David and his team show incredible commitment to their industry and their clients. I have no doubt that the funding will help drive their business to even bigger and better things – it will be exciting to watch.”