Competition Horse Finance for a Professional Eventer
£85,000 · 5 years · 7.50% fixed. A professional eventer needed to purchase a five-year-old warmblood with proven potential at BE100 and Novice level - a horse with realistic prospects of competing at Advanced level within two years.
The Client
Professional eventer
The Challenge
A professional eventer needed to purchase a five-year-old warmblood with proven potential at BE100 and Novice level - a horse with realistic prospects of competing at Advanced level within two years. The purchase price was £82,000. Specialist equine asset finance allows competition horses to be financed as income-generating assets.
Our Solution
Doulton arranged equine asset finance treating the competition horse as a secured asset. The horse was insured for full replacement value as a condition of the finance. The professional's competition income, training fees from clients, and horse dealing turnover were assessed as the repayment source.
The Outcome
Horse purchased and competing at Novice level within four months. Advanced qualification targeted for next season. The professional has since produced the horse to Advanced and is fielding interest from potential purchasers at multiples of the original purchase price. Key highlights: Competition horse treated as income-generating asset; Full replacement insurance required and arranged; Horse produced to Advanced - potential sale value multiples of.