Arbuthnot Commercial ABL structured the funding package to support the day-one purchase consideration together with additional working capital headroom for growth post-completion. Midlands-based P+P joins Bornmore Metals, whose acquisition was funded by Arbuthnot Commercial ABL in 2019, as a member of the Steel Dynamics Group family of companies and brings strong product synergies and economies […]
UK manufacturing output volumes in the quarter to January grew at a slower pace than in December, though growth remained firm compared with the long-run average, while costs grew at the quickest pace for decades, according to the latest quarterly CBI Industrial Trends Survey. The survey of 236 companies found that output volumes increased in […]
ThinCats, the leading alternative lender to mid-sized SMEs, has provided a £13.5m funding package to support the original founders to buy-back the shares of Alfred Cheyne Engineering Limited (ACE Winches). ACE Winches was founded in 1992 by Alfred Cheyne in Aberdeenshire as an engineering business supporting the fishing industry with basic winches and other back […]
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 […]
