Published on: 3rd November 2023
Timeline expectations: In the next 3 months
Open to bids
Successful UK business with £30m turnover and leader in manufacturing in sale of household materials with x25 acquisitions to date, seeks initial £1.2m funding line to acquire competitor (£2.5m cash price, £0.9m on balance sheet, putting in £1.3m cash and seeks £1.2m lend). Security against high quality industrial premises, wholly owned and current lend 15% LTV), and clear evidence of cashflow to service the loan. Currently banked with major high street bank and seeking alternative source of financing at competitive rate.
Beneficiary net worth