Suros Capital helps parents fund VAT added private school fees

21 November 2024

Faced with a 20% increase in school fees in January 2025 because of the introduction of VAT, a family has found an innovative solution to the challenge of finding the extra cash for their three children to continue their private schooling.

Suros Capital, the luxury asset backed short term lender, was able to provide a loan of £80,000 secured against an outstanding collection of watches, including Rolex, Patek Phillipe and Audemars Piguet. We were able to provide a funding solution within 48 hours of the enquiry.

The parents had hoped to sell property assets in time to pay the fees but it proved to be impossible in the time they had before payment was due. The loan Suros Capital made will be repaid from the proceeds of the property sale in Spring 2025.

Remarking on the deal, 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.”