Arbuthnot Commercial Asset Based Lending (“ABL”) has completed a £1m financing structure for Baldwin & Francis Ltd (“B&F”), a portfolio company of Longacre Group (formerly SEA Equity). Baldwin & Francis made the switch to Arbuthnot Commercial ABL for this private equity sponsored transaction. This is the fourth of the Group’s investments which Arbuthnot Commercial ABL […]
Paragon Bank has continued its support for UK companies impacted by coronavirus, providing a £125,000 Coronavirus Business Interruption Loan (CBILS) to Reading-based access solutions provider, Southern Tower Services Ltd. Southern Tower provide working at height solutions, including scaffold towers, to businesses across the South. With the building industry severely impacted during the peak of coronavirus, […]
Lee Collinson, head of manufacturing at Barclays, said: “Following on from July’s welcome figures, after the reopening of factories and easing of lockdown restrictions, comes further proof that a recovery is gaining speed in manufacturing. Driven by improving levels of new orders and customer demand, August data shows production rising at its fastest level for […]
Leading strategic infrastructure projects and physical asset lifecycle management company InfraStrata plc has acquired the historic and highly strategic Appledore Shipyard in North Devon in a £7m deal. The UK-based, London Stock Exchange-listed firm specialises in the development, commercialisation and operation of advanced, high-value, strategic infrastructure facilities. The new deal follows InfraStrata’s acquisition of the […]
Aldermore bank has provided an invoice finance facility to Fluid Science, the water solutions specialist. Founded in 2016 and based in Knowsley near Liverpool, Fluid Science primarily supplies purified, deionised and demineralised water to dental surgeries, pharmaceutical manufacturers and test laboratories. In March 2020, with the onset of the Covid-19 pandemic, Fluid Science wanted to […]
Clayton Glass Limited, one of the UK’s largest glass manufacturers, has secured new funding from Santander UK to support its growth following the acquisition of Global Glass brand in October 2019. Clayton Glass is a sealed glass unit manufacturer operating from the largest IGU manufacturing site in the UK, operating across four separate sites and […]
Paragon Bank has provided a £500,000 Coronavirus Business Interruption Loan (CBILS) to Norfolk based plant hire firm, Newall Plant Ltd, continuing its support for UK firms impacted by coronavirus. The CBILS loan has allowed Newall to maintain cashflow during the pandemic. The recent loan has now enabled a recovery in July to almost 75% of […]
A company that makes bespoke fitted furniture says that a six-figure funding package from Lloyds Bank means it will return from lockdown ready to capitalise on customers’ growing desire to work and socialise at home. Greater Manchester-based Bluebell Fitted Furniture was founded by directors Mike and Alison Reuben in 1992 and specialises in the design, […]
UK manufacturing exports fell sharply in Q2 2020, according to the Lloyds Bank International Trade Index. The speed of decline was the fastest since data collection began in 1996, driven by the impact of coronavirus on both international supply chains and falling overseas demand for British goods and services. The Index hit a new low […]
Arbuthnot Commercial ABL is pleased to announce the recent completion of a £2m financing for Climatec Windows Limited and Alu-Tec (UK) Limited. The facility will be used to support the group’s day-to-day management team in the acquisition of a material equity stake alongside its existing shareholder directors, Steve Barker and Phil Bates. This has meant […]
