Winsulate secures £700k investment from Secure Trust Bank
Secure Trust Bank Commercial Finance has supported Manchester-based Winsulate, an asbestos and environmental compliance services provider, with a £700k invoice finance facility.
Winsulate’s main activity is asbestos removal, operating across a variety of sectors including retail, emergency services, construction and healthcare. The company boasts an impressive client base, including The Cooperative Group, Trust Inns, Arcadia and Manchester United Football Club. The firm currently employs 50 staff and has offices in Manchester, Edinburgh and Reading.
The funding from Secure Trust Bank Commercial Finance will allow Winsulate to enhance its cash flow, build upon its recent blue chip client wins and enable the company to maximise growth.
Brent Wardle, managing director at Winsulate said:
“Recent months have seen rapid growth as we have increased our client base to cover many of the largest names in the UK. From our three bases across the country, we are now in a position to provide services on a national scale.
“To ensure this growth is sustainable, we required a creative and flexible finance offering. Secure Trust Bank seemed the obvious choice for us, and we’re confident that with their backing, Winsulate can continue its upward trajectory this year.”
Matthew White, regional sales director at Secure Trust Bank Commercial Finance, Manchester, said:
“We were really impressed with Winsulate’s performance over the last few years, and saw the potential of the business. The firm has won some impressive clients this year, and needed the financial support to match the demand from customers.
“Winsulate is a prime example of why it is important to support SMEs, as these ambitious companies can really thrive if they receive vital funding that can accommodate future growth.”
David Holland, partner at myFDadvisor by Cowgill Holloway, who acted as an introducer for the deal, said:
“I have worked with Winsulate for over three years, and have a strong understanding of the demands of the sector that the business operates within.
“With this in mind, it was crucial that we found a finance provider that could support the firm as it continues its ambitious growth strategy over the coming years.
“Secure Trust Bank took the time to understand the needs and requirements of the business, and has put in place a facility that will enable the firm to reach its potential.”