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 […]
ThinCats, the leading alternative lender to mid-sized SMEs, has provided a multi-million pound facility to support the management buy-out at laser cutting and engraving machine supplier, HPC Laser Ltd. HPC Laser Ltd, established in 2006, supplies an extensive range of high-quality CO2 and fibre laser engraving and cutting machines as well as CNC routers, and […]
Eric Wilson & Co, an Essex-based manufacturer of fabrications and solid surfaces, has secured its long-term presence in the area by buying its Witham premises. It’s encouraging news for the local community and its 20-strong workforce, with the business having initially struggled to find a bank able to support their purchase. The move has ended […]
United Tooling Solutions Ltd (UTS), has acquired Newcastle under Lyme’s Mettex Fasteners Ltd, Weston-super-Mare’s Nuts & Bolts Ltd and Fastfix Bristol Ltd with the support of existing funder Shawbrook Bank. The businesses each supply and distribute fixings alongside power and auxiliary tools to manufacturers. The acquisitions will see Exeter-based UTS expand its annual revenue to […]
Grimsby-based manufacturing company, looks to create eight new jobs and target multi-million-pound growth after securing a loan from alternative lending provider Finance For Enterprise and the Northern Powerhouse Investment Fund (NPIF). Operating from Grimsby’s Enterprise Village, Smartflow Couplings now specialises in manufacturing innovative hose couplings which are used to improve both safety and efficiency whilst […]
Wave power specialists Mocean Energy have secured major new investment to accelerate the commercial roll-out of their ground-breaking wave energy technology. The Edinburgh firm has raised £730,000 equity funding from existing funders, led by angel syndicate Equity Gap, together with Old College Capital, the University of Edinburgh’s in-house venture investment fund, and Scottish Enterprise. The […]
Howes Percival has advised Stuga Machinery (Stuga), a specialist automated machinery manufacturer, on its sale to Stürtz Group (Stürtz), a global producer of machines and automated solutions for the window production industry. The deal enables Stuga to expand its technological capabilities and grow its portfolio of machining products, to further enhance its customer offering across […]
Commercial finance specialist, Christie Finance is pleased to announce its client, Cyclone Powder Coating Limited has successfully secured funding to purchase the property they currently lease – Unit 24, Deeming Industrial estate, enabling the business to continue growing and have a permanent base to trade from. The company based in Stockport, specialises in both individual […]
