Suros Capital has provided an £80,000 loan to a family facing a 20% increase in private school fees due to the introduction of VAT in January 2025.
The loan was secured against a collection of luxury watches, including brands like Rolex, Patek Philippe, and Audemars Piguet.
Suros Capital was able to facilitate the funding within 48 hours of the initial enquiry.
The parents had hoped to sell property assets to cover the upcoming fees but found it impossible to complete the sale in time.
The loan will be repaid from the proceeds of the property sale expected in Spring 2025.
Ed Blackmore, business development director at Suros Capital, said: “The impending introduction of VAT on private school fees has led to a significant number of enquiries from financial advisers and is becoming a looming financial pressure point for all parents with children in private schools.
“Not all parents are able to raise the money they need in time.
“Fortunately, because our clients had significant assets that could be immediately monetised, we were able to step in and provide the funds they needed until they are able to dispose of their property.”
