The CBILS loan has enabled Hadley Hargreaves to recover from cash flow issues and losses as a result of the pandemic. It has also provided funds to purchase additional machinery, expanding the production capabilities of the business. Paragon has supported the Presteigne-based business since 2016 through invoice and asset finance, which enabled Hadley Hargreaves to […]
First Components Ltd specialise in the design and manufacture of precision milled parts, wire products, metal pressings, laser cutting and metal finishing design. The business has a rich portfolio of expertise and counts customers in the Automotive, Aerospace and Electronics industries, among others. Savigny Oddie Ltd is responsible for two respected industry brands – Oddie […]
A new survey from SteelScout has found that more than 60% of professionals in the manufacturing industry expect the sector to recover from Covid-19 and return to business as usual by mid-2021. However, they highlighted issues in the wider supply chain which might impact the recovery, with almost 30% unable to access the materials they […]
The coronavirus has brought significant changes to the way we work. And this change is expected to continue at least, for the foreseeable future. These changes have not only been felt here in the UK but around the world. As consumers watched a number of manufacturing companies close down one after the other, there was […]
There was no shortage of damage inflicted because of the coronavirus pandemic. While it was the public’s physical health that was given top priority, the fallout of COVID-19 impacted many different aspects of life in Britain around the world, including how we socialise, our mental wellbeing, and, of course, the economy. Indeed, it was this […]
The latest monthly CIPS manufacturing PMI today reports an above neutral measure in June at 50.1. This marks a welcome return to positive sentiment. It also adds credence to short term opportunities to bolster and strengthen the prospects of the manufacturing sector, and those whose supply chains rely on it, according to leading audit, tax […]
Arbuthnot Commercial Asset Based Lending (Arbuthnot Commercial ABL) has structured and delivered a flexible asset based lending (ABL) facility for Hill’s Panel Products, a leading supplier to the fitted furniture industry. The transaction, which was completed in just three and a half weeks, will provide an increased level of working capital to enable the business […]
Arbuthnot Commercial ABL has supported a management buyout (MBO) of Britdoors and JCK, two door manufacturing businesses within the System Building Products Group. The £3.75m asset based lending facility comprised a revolving invoice discounting line, a plant & machinery loan and a cashflow loan. The MBO will form a new company, Unity Group Ltd, comprising […]
A Gloucestershire installer of windows, doors and conservatories is ramping up operations to meet pent up demand following the return to work on construction sites and homes, with support from Lloyds Bank. Newnham-based Glevum is seeing increased demand from trade and domestic customers that haven’t been able to complete projects over the last two months […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has supported a management buyout (MBO) of Britdoors and JCK, two door manufacturing businesses within the System Building Products Group. The £3.75m asset based lending facility comprised a revolving invoice discounting line, a plant & machinery loan and a cashflow loan. The MBO will form a new company, Unity […]
