A Yorkshire-based stairlift manufacturer, which specialises in producing bespoke designs for curved or complicated staircases, is targeting significant growth after securing £100,000 in loan funding from Finance For Enterprise and the Northern Powerhouse Investment Fund (NPIF). Bespoke Stairlifts will use the loan funding to create four senior roles in the business, as well as enabling […]
The management buy-in represents the third acquisition deal funded by Arbuthnot Commercial ABL on behalf of the investment group. Previous acquisitions include Summit Engineering and Pen Cutting Tools. The all-asset facility, which comprised receivables finance, plant & machinery and property loans and CBILS funding, will provide additional working capital to allow Technocover to develop as an independent […]
Having worked with Fairline Yachts since 2017, DF Capital has doubled its facilities, enabling the yacht manufacturer to finance the building of more boats throughout 2021 and beyond. Based in Oundle, Northamptonshire, Fairline Yachts is a major British luxury motor yachts manufacturer. With the global yachting market experiencing unprecedented demand, Fairline required an extension of […]
PBE Group has acquired West Yorkshire-based power generator business Advanced Diesel Engineering (ADE). The acquisition of ADE, a leading manufacturer and supplier of acoustic generator and switchgear enclosures for critical power solutions in the UK, the Republic of Ireland and Europe, enables PBE Group to further broaden its product offering, extend its geographic reach and […]
Amcomri Group has confirmed the acquisition of Premier Limpet, the UK’s largest manufacturer of printed adhesive tape, for an undisclosed sum. Premier Limpet will join Amcomri’s fast-growing manufacturing division. The deal was initiated and led by PKF Smith Cooper’s Nottingham team. The purchase by Amcomri Group provides a retirement exit for the majority shareholders, chairman […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has completed a financing deal for Precise Component Manufacture Ltd (“PCML”) to support the next exciting stage of its development. The £5.5m facility will be used to fund CapEx investment and growth, enabling the business to achieve its strategic aim to become the UK’s leading biomedical science manufacturing hub. […]
Hargreaves Services plc, a Durham-headquartered group delivering services to the property and industrial sectors, has received eight-figure funding from Santander UK to support its successful transition out of coal mining. Hargreaves was historically focused on coal mining and took the strategic decision to exit the sector, repositioning away from coal, closing its last mine last […]
A Doncaster-based entrepreneur, who secured a significant contract to deliver ground-breaking research into laser technology and its use in the energy industry, has secured a six-figure cash injection from alternative lending provider Finance For Enterprise. Experienced engineer Peter Brown launched Rossington-based Laser Additive Solutions in 2014 to help businesses embrace new manufacturing techniques, and since […]
Mineral Insulated Cable Company (MICC), based in Washington, Tyne and Wear, is the world’s leading manufacturer of mineral insulated cable – the most durable cable to ever be made. It is one of just ten companies globally to manufacture the product. Mineral insulated cable is capable of operating for long periods at extremely high temperatures, […]
Time Finance are delighted to announce they have supported a mechanical and electrical engineering firm, Scorpion ES, with a £200,000 Invoice Finance facility to help spark future growth plans. Incorporated in 2010, Scorpion ES set out to provide mechanical and electrical services to the construction sector. As the business evolved over time, it achieved exponential […]
25/08/2021
Edition 293 – July/August 2021
Who tends the flame? By Business Money group editor Robert Lefroy Interview:...
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