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Industry: Manufacturing

Facility size: €20m

Product: Asset Based Lending

This successful business has been family owned and run for almost 50 years. With a standout proposition, offering highly skilled engineers and end-to-end services in the construction sector, they have become essential in providing critical work for their customers.

The company has gone from strength to strength, supplying market leading products despite challenging times for the industry. Looking to increase growth after covid-19 lockdowns limited operations, the firm needed an injection of capital to realise the investment needed for the next stage of their development.

The complexity of the business, including operating over multiple sites and specialties, required a tailored financial solution that would provide additional headroom. The company was well positioned to use asset based lending, where an asset owned by a business, in this case property, can be used as security when raising funds.

Asset based lending blends invoice finance facility, with additional funding secured against other business assets such as property, plant, machinery or stock. It can give freedom and flexibility to pursue new markets, growth, restructuring or mergers and acquisitions by increasing the amount of working capital available.

Our specialist knowledge of this industry, and of the asset classes involved, meant that we were able to structure a bespoke solution that quickly provided the injection of capital needed, and which would grow and develop alongside the business.

Contact us

Close Brothers Commercial Finance
Swift Square | Building 1
Santry Demesne
North Wood
Dublin 9
D09 A0E4

Contact us

ROI: (01) 871 1060

NI: 028 9344 1410

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