The management behind the UK’s largest independent producer of PET bottles and containers is taking a leading position in the fight against single-use plastics thanks to a £9m funding boost. Leeds-based Esterpet Ltd, set up by the management of Esterform Packaging Ltd, was launched to satisfy a growing demand for recycled Polyethylene Terephthalate (PET) products […]
Specialist business property adviser, Christie & Co, has announced the sale of Randolph House in Scunthorpe, North Lincolnshire. Randolph House is a purpose-built care home, registered with the CQC to provide dementia and residential care as well as day care, respite, and long-term placements for up to 70 residents. The business sits in a good-quality […]
Premium liquid supplements specialist YourZooki has secured a £1.6m funding facility with Metro Bank as it looks to accelerate its expansion into North American markets. The new funding comes as revenues trebled in the previous twelve months, with online demand rising 750% during the pandemic. The funding will enable YourZooki to scale up its international […]
Recycling Technologies, a specialist plastic recycling technology provider, the University of Birmingham, the University of Surrey, and Cranfield University announce they have received backing from Innovate UK’s Smart ‘open grant funding programme’ for a £1.2m project to enhance and improve the efficiency of chemical recycling technology in the UK. The research project aims to further […]
A successful Caerphilly-based property investor, trading as Gaffa Property Investments Ltd, has secured a £245,000 semi-commercial loan from Cambridge & Counties Bank as part of the purchase and redevelopment of a set of four commercial units and a residential property in Ystrad Mynach, a town five miles north of Caerphilly in Wales. The four commercial […]
Outpost VFX, a fast-growing UK-headquartered film and TV visual effects company, has secured a multi-million pound investment from funds managed by YFM Equity Partners (YFM) which will enable it to develop its infrastructure, company culture and proprietary platforms, as well as providing a solid base for further international growth across its four international locations. Outpost […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has provided an all-asset funding facility to support MDS Civil Engineering’s (“MDS”) management team, Darren Chaston, Richard Pullen and Matthew Pratt, in acquiring the business from its founder. The total funding package in support of the management buyout (MBO) includes a receivables financing line, secured primarily on a borrowing […]
Risk Capital Partners, a London-based private equity firm has further enhanced their consumer-focused portfolio with the acquisition of online gardening products retailer, Primrose. Founded in 2003 and now Europe’s largest pure play online garden products retailer, Primrose offers a ‘one stop shop’ for all things horticultural, sourced from a diverse network of international suppliers, as […]
With a robust economic foundation based on job creation and shared prosperity, trade and investment between the UK and India has the potential to increase to £50bn, according to a new research report. ASCENT: The New Horizon of Trade Relations, an inaugural thought leadership report, maps the dynamics of trade growth between the UK and […]
This success has been driven by flexible funding support from Secure Trust Bank Commercial Finance. Most recently, the firm secured a £250,000 CBILS facility in May 2020, adding to the long-term support the bank has provided since 2015. Since then, the Bolton-based supplier of kitchens and appliances for the kitchen, bathroom and bedroom (KBB) industry […]
29/01/2021
Edition 290 – January/February 2021
It’s the economy By Business Money group editor Robert Lefroy The Long Haul 2...
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