Britain’s largest manufacturers say they are prepared for life outside the European Union as the clock ticks down to the end of the transition period on 31st December, a Lloyds Bank survey has found. The Business in Britain report of 200 large manufacturers found that 81% of businesses have made the necessary preparations for operating […]
Paragon Bank continues to support UK SMEs during coronavirus, providing a £130,000 Coronavirus Business Interruption Loan (CBILS) loan to Worcester-based engineering firm, GDK Engineering Company Ltd. GDK is a subcontract engineering firm, based in Worcester, specialising in low volume production of machined products. GDK approached Paragon for support when demand for their services dropped as […]
Specialist asset-based lender, BREAL Zeta has completed a £6.2m funding facility for Turbine Efficiency Limited, an ESO Capital portfolio company. The facility will enable the business to deliver on its ambitious growth strategy. Headquartered in Lincoln, Turbine Efficiency is a leading independent provider of gas turbine maintenance, repair and overhaul services, offering a range of […]
A Nottinghamshire performance doorset manufacturer is set to grow revenues by £2m this year thanks in part to a £400,000 investment in new machinery, backed by Lloyds Bank. Integrated Doorset Solutions and its sister business Performance Joinery supply specialist doorsets to the healthcare, education, commercial and high-end residential sectors and have continued to see significant […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has completed a £1m financing structure for Baldwin & Francis Ltd (“B&F”), a portfolio company of Longacre Group (formerly SEA Equity). Baldwin & Francis made the switch to Arbuthnot Commercial ABL for this private equity sponsored transaction. This is the fourth of the Group’s investments which Arbuthnot Commercial ABL […]
Paragon Bank has continued its support for UK companies impacted by coronavirus, providing a £125,000 Coronavirus Business Interruption Loan (CBILS) to Reading-based access solutions provider, Southern Tower Services Ltd. Southern Tower provide working at height solutions, including scaffold towers, to businesses across the South. With the building industry severely impacted during the peak of coronavirus, […]
Lee Collinson, head of manufacturing at Barclays, said: “Following on from July’s welcome figures, after the reopening of factories and easing of lockdown restrictions, comes further proof that a recovery is gaining speed in manufacturing. Driven by improving levels of new orders and customer demand, August data shows production rising at its fastest level for […]
Leading strategic infrastructure projects and physical asset lifecycle management company InfraStrata plc has acquired the historic and highly strategic Appledore Shipyard in North Devon in a £7m deal. The UK-based, London Stock Exchange-listed firm specialises in the development, commercialisation and operation of advanced, high-value, strategic infrastructure facilities. The new deal follows InfraStrata’s acquisition of the […]
Aldermore bank has provided an invoice finance facility to Fluid Science, the water solutions specialist. Founded in 2016 and based in Knowsley near Liverpool, Fluid Science primarily supplies purified, deionised and demineralised water to dental surgeries, pharmaceutical manufacturers and test laboratories. In March 2020, with the onset of the Covid-19 pandemic, Fluid Science wanted to […]
Clayton Glass Limited, one of the UK’s largest glass manufacturers, has secured new funding from Santander UK to support its growth following the acquisition of Global Glass brand in October 2019. Clayton Glass is a sealed glass unit manufacturer operating from the largest IGU manufacturing site in the UK, operating across four separate sites and […]
