A manufacturing business that specialises in steelwork design and installation across both London and the South. This organisation already has several wins under its belt, including previous work at One Embankment Place, Delliottes HQ and the Canadian Embassy.
They have experienced fantastic progressive growth since launching in 2011, having leapt from £834k in sales in their first year to more than £9m in 2019. With almost a decade having passed since it was first founded, the steelwork specialist firm decided that it was time to push growth ambitions and to expand into other large cities.
That is where Nucleus came into the picture. We understood that this business needed additional funds to finance growth and that without extra cash, this business would struggle to take on larger projects to help achieve their expansion plans.
We took the time to understand exactly what this customer required and offered a bespoke finance facility to enable the business to have access to working capital. The £1.3m combined construction finance and property loan will provide this manufacturing company with the financial flexibility they need to grow into other cities.
The Managing Director said: “Working with Nucleus Commercial Finance means we can grow our business and realise the opportunity of expanding into other cities. The team at Nucleus took the time to understand our business, the people within it, and our needs to truly tailor a bespoke facility. While this is a challenging time for businesses, our order book is in a strong position with a steady pipeline of activity, and we still have ambitious plans for 2020.”
Our Corporate Sales Director at Nucleus added: “We are pleased to support this company in delivering on its growth ambitions. This multi-layered finance facility combines our knowledge of the manufacturing industry and our ability to use more than one product, giving the leadership team at this manufacturing company finance that closely matches their needs.
“SMEs across the UK are facing unprecedented times and it’s crucial for them to have access to finance to support their plans. This deal is a great example of how the needs of every business are considered individually by us and shows the role alternative lenders can play in supporting UK SMEs in the current climate.”
We are pleased to support this company in delivering on its growth ambitions. This multi-layered finance facility combines our knowledge of the manufacturing industry and our ability to use more than one product, giving the leadership team at this manufacturing company finance that closely matches their needs