ThinCats provides £1.5m funding for Leicestershire-based ecological management contractor
Three Shires Ltd, specialist contractors to the construction industry, has been supported with £1.5m in refinance and working capital funding by leading alternative finance provider for mid-sized SMEs, ThinCats. Previously Three Shires had a revolving ID facility with another funder which was subsequently lost due to the funder going into liquidation.
Three Shires Ltd provides specialist contracting services to the rail, utilities, highways, construction and civil infrastructure sectors. Founded over 25 years ago, Three Shires has developed long standing relationships with the UK’s leading construction contractors, house builders, civil engineers, developers, and environmental/ecological consultants, alongside providing innovative and cost-effective environmental fencing, arboriculture, Invasive weed and site clearance solutions in any construction environment. Three Shires also has its own in-house Ecological and Environmental Consultancy division that provides a linear service from inception to completion under one roof.
With a HQ in Leicestershire as well as offices on the Wirral, South Wales and in Dorset, the business has a nationwide capability, and is one of the UK’s largest enablement and ecological contracting organisations.
Three Shires was introduced to ThinCats by Alasdair McPherson of Rangewell, London-based business finance specialists.
James Lloyd, MD, Three Shires: “We are best known as a specialist ecological contractor and we are very proud of the service that we offer. The demands and requirements of the sector have evolved hugely over the years, and we have always strived to be ahead of the needs of our clients, providing eco-friendly services to enable them to be as environmentally conscious as possible. This funding will help us to continue with our targeted development.”
Alasdair McPherson, Rangewell: “Three Shires first approached Rangewell looking to refinance away from a lender that didn’t really understand their business model and was constraining their ability to grow. Rangewell’s RAMP (Rapid Algorithmic Matching Platform) Technology very quickly identified 11 lenders that could provide more appropriate and affordable finance versus the current lender’s offering and having worked with ThinCats on complex transactions a number of times during the last 12 months, we knew their knowledge of the sector and speed of due diligence would provide the results that Three Shires required.”
Dave Sherrington, regional head of sales, London, ThinCats: “James and his team have an excellent reputation in a niche market, and one on which the focus is ever increasing. They provide a very important, and growing, service to a large number of big players in the construction industry, and we are very pleased to have been able to support them in their progression.”
