Eric Wilson & Co, an Essex-based manufacturer of fabrications and solid surfaces, has secured its long-term presence in the area by buying its Witham premises. It’s encouraging news for the local community and its 20-strong workforce, with the business having initially struggled to find a bank able to support their purchase. The move has ended […]
United Tooling Solutions Ltd (UTS), has acquired Newcastle under Lyme’s Mettex Fasteners Ltd, Weston-super-Mare’s Nuts & Bolts Ltd and Fastfix Bristol Ltd with the support of existing funder Shawbrook Bank. The businesses each supply and distribute fixings alongside power and auxiliary tools to manufacturers. The acquisitions will see Exeter-based UTS expand its annual revenue to […]
Grimsby-based manufacturing company, looks to create eight new jobs and target multi-million-pound growth after securing a loan from alternative lending provider Finance For Enterprise and the Northern Powerhouse Investment Fund (NPIF). Operating from Grimsby’s Enterprise Village, Smartflow Couplings now specialises in manufacturing innovative hose couplings which are used to improve both safety and efficiency whilst […]
Wave power specialists Mocean Energy have secured major new investment to accelerate the commercial roll-out of their ground-breaking wave energy technology. The Edinburgh firm has raised £730,000 equity funding from existing funders, led by angel syndicate Equity Gap, together with Old College Capital, the University of Edinburgh’s in-house venture investment fund, and Scottish Enterprise. The […]
Howes Percival has advised Stuga Machinery (Stuga), a specialist automated machinery manufacturer, on its sale to Stürtz Group (Stürtz), a global producer of machines and automated solutions for the window production industry. The deal enables Stuga to expand its technological capabilities and grow its portfolio of machining products, to further enhance its customer offering across […]
Commercial finance specialist, Christie Finance is pleased to announce its client, Cyclone Powder Coating Limited has successfully secured funding to purchase the property they currently lease – Unit 24, Deeming Industrial estate, enabling the business to continue growing and have a permanent base to trade from. The company based in Stockport, specialises in both individual […]
Arbuthnot Commercial ABL structured the funding package to support the day-one purchase consideration together with additional working capital headroom for growth post-completion. Midlands-based P+P joins Bornmore Metals, whose acquisition was funded by Arbuthnot Commercial ABL in 2019, as a member of the Steel Dynamics Group family of companies and brings strong product synergies and economies […]
UK manufacturing output volumes in the quarter to January grew at a slower pace than in December, though growth remained firm compared with the long-run average, while costs grew at the quickest pace for decades, according to the latest quarterly CBI Industrial Trends Survey. The survey of 236 companies found that output volumes increased in […]
ThinCats, the leading alternative lender to mid-sized SMEs, has provided a £13.5m funding package to support the original founders to buy-back the shares of Alfred Cheyne Engineering Limited (ACE Winches). ACE Winches was founded in 1992 by Alfred Cheyne in Aberdeenshire as an engineering business supporting the fishing industry with basic winches and other back […]
The comprehensive funding package, which comprised facilities against debtors and plant & machinery, together with an RLS loan, has been structured to provide ongoing working capital post-acquisition to enable the business to drive further growth. The transaction was introduced by Rupert Rawcliffe, Founder of SRC Corporate Finance. Future Advanced Manufacture is an advanced engineering company […]
