Arbuthnot Commercial Asset Based Lending (“ABL”) has completed a financing deal for Precise Component Manufacture Ltd (“PCML”) to support the next exciting stage of its development. The £5.5m facility will be used to fund CapEx investment and growth, enabling the business to achieve its strategic aim to become the UK’s leading biomedical science manufacturing hub. […]
Hargreaves Services plc, a Durham-headquartered group delivering services to the property and industrial sectors, has received eight-figure funding from Santander UK to support its successful transition out of coal mining. Hargreaves was historically focused on coal mining and took the strategic decision to exit the sector, repositioning away from coal, closing its last mine last […]
A Doncaster-based entrepreneur, who secured a significant contract to deliver ground-breaking research into laser technology and its use in the energy industry, has secured a six-figure cash injection from alternative lending provider Finance For Enterprise. Experienced engineer Peter Brown launched Rossington-based Laser Additive Solutions in 2014 to help businesses embrace new manufacturing techniques, and since […]
Mineral Insulated Cable Company (MICC), based in Washington, Tyne and Wear, is the world’s leading manufacturer of mineral insulated cable – the most durable cable to ever be made. It is one of just ten companies globally to manufacture the product. Mineral insulated cable is capable of operating for long periods at extremely high temperatures, […]
Time Finance are delighted to announce they have supported a mechanical and electrical engineering firm, Scorpion ES, with a £200,000 Invoice Finance facility to help spark future growth plans. Incorporated in 2010, Scorpion ES set out to provide mechanical and electrical services to the construction sector. As the business evolved over time, it achieved exponential […]
A multimillion-pound acquisition of a £16m-turnover commercial vehicle components supplier has been completed. 3G Truck and Trailer Parts (3G), based in Rotherham, was established 11 years ago by Richard Ash, Stewart Ashall and John Carr with John Bruce and Peter Beaumont as investors and was sold to TVS Europe Distribution in 2020. .The transaction was […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has supported Longacre Group’s acquisition of Allenwest Limited (“Allenwest”), a designer and manufacturer of explosion-proof and rugged electrical power supply equipment, in a corporate carve-out from Ampcontrol Group Limited. The flexible £3m facility comprised an invoice discounting line and a CBILS term-loan. Allenwest is headquartered in Prestwick and began […]
Arbuthnot Commercial Asset Based Lending (“ABL”), the asset-based lending division of Arbuthnot Latham, the private and commercial bank, has completed a structured finance facility to support Gearing Up’s acquisition of the Portsmouth-based precision engineering and tool-making business, Langstone Group (“the Group”), alongside further investment from Panoramic Growth Equity. The acquisition sees the Group double in […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has completed a flexible £4.5m funding line to support the growth of THREE60 Energy; a private equity backed global energy services group. The structured ABL facility, which comprised a £3m accounts receivable line and a £1.5m cashflow loan, will fund the increased working capital requirement associated with the next […]
Businesses are reporting serious challenges to supply chains, with stock lead times hitting 56 weeks for even the most basic items. Accountants, business and financial advisers Kreston Reeves in a survey of 100 businesses in London and the South East found that 41% are currently experiencing significant supply chain challenges with a further 17% expecting […]
