The comprehensive funding package, which comprised facilities against debtors and plant & machinery, together with an RLS loan, has been structured to provide ongoing working capital post-acquisition to enable the business to drive further growth. The transaction was introduced by Rupert Rawcliffe, Founder of SRC Corporate Finance. Future Advanced Manufacture is an advanced engineering company […]
With BM Steel closed for four weeks to ensure the business was Covid safe, Secure Trust Bank moved fast to provide the firm with the additional liquidity it required through the provision of a Coronavirus Large Business Interruption Loan. The support through the pandemic was a continuation of the established relationship between BM Steel and […]
First Circle Group, a fast-emerging business specialising in manufacturing rigid plastic containers, has received a £10m plant and machinery loan and receivables funding facility from Cynergy Bank. This is a new client to the Asset Based Lending (ABL) division of Cynergy Bank which launched in September. Headquartered in Newport Pagnell, First Circle Group currently operates […]
DF Capital has just partnered with Handling Equipment UK Ltd to help support its dealers in the UK electric forklift market. About Handling Equipment UK Ltd Handling Equipment UK is a UK importer of EP Equipment material handling machines. Based in Stourbridge in the West Midlands, it is a family-run business that employs 20 people. […]
Leading alternative finance provider to mid-sized SMEs, ThinCats and investment professionals, Bestport Private Equity, have provided debt and equity funding of £19m to help support the continued growth of Energy Saving Lighting (ESL). David Hall, previously CEO of Polypipe and non-executive chairman of Aspen Pumps, will join the board as chairman. Paul Daly, founder and […]
Linked dynamically with the company’s sales, the confidential invoice discounting line will allow UKSD to grow profitably due to new contract wins and increased business with its existing clients. From its base in the West Midlands, UKSD designs, manufacture and installs bespoke aluminium doors, windows and curtain walls serving a broad range of clients across […]
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 […]
29/12/2021
Edition 296 – December 2021
Cash is freedom By Business Money group editor Robert Lefroy NACFB Gala Dinne...
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