Precise completes £1.75m bridge for private school group

09 June 2026

Precise has completed a £1.75m net bridging facility to support the owner of a group of private schools facing increased cost pressures following changes to VAT in the education sector in January 2025.

The case was introduced by Sirius Finance, with the borrower choosing to absorb the additional costs rather than pass them on to parents, creating a short-term requirement for liquidity to maintain stability across the business.

Precise structured the facility, which was secured 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.

The transaction was completed to provide immediate access to capital, with a clear exit strategy in place through the planned sale of the asset, demonstrating how bridging finance can be used to address short-term funding gaps where strong security is available.

Alan Kimber, Head of Bridging, Precise said:

“This was a straightforward structure built around a strong unencumbered asset and a clear exit. 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, Sirius Finance added:

“It was a pleasure working with the teams at Precise and JMW on this facility. 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.”