The latest engineering services sector survey shows that the majority of business owners and decision-makers expect their business performance to improve in the short term towards year-end and beyond. The finding comes despite concerns about economic and recruitment challenges ahead. The latest findings of the quarterly Building Engineering Business Survey, backed by trade bodies ECA, […]
One of the UK’s largest independent distributors and processors of stainless steel, Stainless Steel Services Limited (SSS), has secured an invoice discounting facility from Cynergy Business Finance (CBF) to help manage a flexible cashflow. Founded in 1987, SSS is a Stainless Steel Service Centre based on the border between Birmingham and West Bromwich. The fully […]
SME manufacturers in the North West are using data and system integration technology as the driving force behind their digital transformation and growth ambitions, new analysis from Made Smarter reveals. More than half (159) of the 275 technology projects supported by Made Smarter’s North West adoption programme focussed on digital technologies which connect disparate systems […]
The UK’s largest woollen yarn spinner, Lawton Yarns Limited, has returned to private ownership following a £13.4m total facility from Secure Trust Bank Commercial Finance. The facility funded the recent management buyout and will provide additional working capital and growth support to the business. Headquartered in Ravensthorpe, West Yorkshire, Lawton Yarns supplies woollen yarn to […]
Cynergy Business Finance has provided an £18m funding line to support Mutares with the acquisition of the Sheffield operations of Allegheny Technologies Incorporated (ATI) which will now operate under its new name Special Melted Products Limited (SMP). SMP, a supplier of forged and machined products, will strengthen Mutares’ Engineering & Technology segment as a new […]
Recycled plastic wood products firm Plastecowood, whose carbon-negative products collectively remove some 40m unwanted plastic items annually from the UK’s waste stream, is set for significant expansion. Santander UK has provided the manufacturer, based in Rhyl, North Wales, with a £1.3m funding package to support its expansion. The business has also shifted its day-to-day banking […]
4 Renewable Energy has strengthened its position in the UK battery storage market by bringing on board Santander UK for funding support. Santander UK has provided a £27m funding package to 4 Renewable Energy, the independent power producer (IPP) arm of RGREEN INVEST, an independent French investment management company specialised in equity investments and financing […]
The structured funding package, which comprises a revolving receivables line and an RLS term loan, will enable the business to bridge the working capital gap as it continues its growth trajectory. Based in Luton and founded in 1988, Abbey Pynford designs and installs patented engineered foundation systems and underpinning solutions for the new build developer […]
A Scottish waste management recycling business has secured £6,000 in funding and prevented tonnes of plastic waste from going to landfills by diversifying its offering with the support of Business Gateway. The team at Moock Environmental Solutions, which is based in Cumbernauld, produced an enterprising approach to successfully adapt its business after suffering a 90% […]
Derbyshire bicycle supplier and distributor Moore Large has received an eight-figure funding package from HSBC UK to support the company’s growth. The funding will contribute to a management buyout, which will see four members of the senior management team, to include Andrew Walker, Dale Vanderplank, Adam Biggs and Adam Garner, take over the running of […]
30/11/2022
Edition 303 – October/November 2022
Turnaround, a vital culture By Business Money group editor Robert Lefroy TMA...
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