Bibby Financial Services (BFS) has agreed a £2.4m (€2.8m) asset-based lending package with Fixing Centre, a Surrey-based construction manufacturer.
Fixing Centre provides stainless steel anchors and fixings to be used in construction and engineering projects, such as the Queensferry Crossing in Scotland, and smart motorways such as the M3. It aims to grow, and hopes the BFS package of invoice discounting and stock finance will enable it.
Colin Abbott, managing director, Fixing Centre said: “The corporate team at Bibby Financial Services have been able to structure a funding package that meets our needs – both now and in the future – so that we can take advantage of these opportunities and substantially grow our business over the years ahead.”
Paul Fraser, head of corporate in the south, Bibby Financial Services said: “Fixing Centre is a great example of a UK business that specialises in delivering high end niche products that are fundamental to delivering large scale infrastructure projects.
“In the space of three weeks we had undertaken a full stock audit of the business and provided the funding package they needed. We look forward to a long and successful relationship with Fixing Centre.”