Bibby Financial Services has agreed an integrated, £2.4m asset-based lending package with Fixing Centre Limited, a leading manufacturer of stainless steel anchors and fixings for the construction industry with a turnover of £8.4m.
Colin Abbott, director of Fixing Centre said:
"Prospects for the next few years are looking very healthy as big government-led infrastructure projects begin to deliver work. We can at times be stock heavy as we gear-up to deliver on big projects. Being able to leverage assets from within our business by working with a flexible funder like BFS gives us the freedom to concentrate on growth."
Paul Fraser, head of corporate for BFS in the South, said:
"We look forward to a long and successful relationship with Fixing Centre."