Arbuthnot Commercial Asset Based Lending (Arbuthnot Commercial ABL) has structured and delivered a flexible asset based lending (ABL) facility for Hill’s Panel Products, a leading supplier to the fitted furniture industry. The transaction, which was completed in just three and a half weeks, will provide an increased level of working capital to enable the business […]
Arbuthnot Commercial ABL has supported a management buyout (MBO) of Britdoors and JCK, two door manufacturing businesses within the System Building Products Group. The £3.75m asset based lending facility comprised a revolving invoice discounting line, a plant & machinery loan and a cashflow loan. The MBO will form a new company, Unity Group Ltd, comprising […]
A Gloucestershire installer of windows, doors and conservatories is ramping up operations to meet pent up demand following the return to work on construction sites and homes, with support from Lloyds Bank. Newnham-based Glevum is seeing increased demand from trade and domestic customers that haven’t been able to complete projects over the last two months […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has supported a management buyout (MBO) of Britdoors and JCK, two door manufacturing businesses within the System Building Products Group. The £3.75m asset based lending facility comprised a revolving invoice discounting line, a plant & machinery loan and a cashflow loan. The MBO will form a new company, Unity […]
United Tooling Solutions Ltd (UTS), a wholesaler of industrial tools and tooling equipment, is targeting significant growth across the UK thanks to funding from Shawbrook Bank. The Exeter-based trading subsidiary of national buying group, Troy (UK) Limited, is aiming to increase its operations through multiple acquisitions. UTS’ unique proposition incorporates broad-line industrial supplies distribution with […]
The Smarter Choices consortium launches a pilot aimed at UK manufacturing SMEs to overcome current barriers to energy efficiency after successfully winning Department of Business, Energy, and Industrial Strategy (BEIS) funding. The programme will offer a one-stop-shop in the form of a digital platform, showcasing results from independent energy assessments, framing projects for financial review, […]
Just over a year on from securing a six-figure funding solution, an Essex-based air conditioning and refrigeration contractor has happily parted ways with its funder. As a result of successfully obtaining new contracts, delivering an investment programme focused on improving technology and recruiting additional employees to cope with demand, the firm has found itself in […]
SME manufacturing output fell at the quickest pace in over a decade in the quarter to April, according to the latest CBI SME Trends Survey. This sharp fall is largely attributable to the COVID-19 crisis, with over four out of five firms noting that the measures to contain the outbreak had a negative impact on […]
Nucleus Commercial Finance has provided a £1.3m facility to steelwork specialist firm Leyton Group, enabling the business to take on larger projects and expand across the UK. Founded in 2011, Leyton Group is a leading specialist in steel staircase design, manufacture and installation, currently operating mainly across London and the south. The business has completed […]
Legal & General Modular Homes announces that it has gained planning consent to deliver 154 homes, using modular construction, at an eight acre site on Portholme Road, Selby in North Yorkshire. From its factory in Sherburn-in-Elmet in Yorkshire, Legal & General Modular Homes has ambitions to build its annual housing delivery to 3,000 modular homes […]
