£200,000 in funding for Specialist Steel Services
Our client provides specialist structural welding services to some of the most prestigious projects in London. Through their work on The Shard, The Commonwealth Games Stadium, The New London United States Embassy and Manchester Victoria Station, just to name a few, they have built a reputation for an outstanding work ethic and pass rate that sets them apart from their competition.
As a profitable company with a straightforward business model, our client approached us seeking investment of up £200,000 to fund significant growth opportunities from both Government initiated projects and private sector contracts.
From within our investor network we knew we could find a partner with strategic, finance-driven experience to join this business.
Within 2 weeks, our client was in negotiations with two keen investors. Offers were made just a few weeks later and the funding of £200,000 in new capital was completed shortly thereafter with a single investor.
We expect our clients’ forecasted turnover for 2016/17 of £1.6 million to be greatly exceeded now that this funding has been secured. As importantly as the funding requirement, we are pleased to have found an investor who offers a mentor role that will help guide the directors as the business develops.
“Thank you Rob so very much for all you have done for us. Your investor is wonderful – we seem to have the same values, he’s a really nice person and we can now undertake all the work we want to do. We can’t see what can go wrong now – everything was agreed to quickly and any points we were unsure on have been clarified. It is also very reassuring to know that we have such keen interest from your second investor, should we need additional funding. I think tonight will be my first restful nights sleep! Thank you once again.”
– CS, Director, Specialist Steel Services
Nature of Business: Specialist Structural Welding Services
Sector: Business & Professional Services / Manufacturing & Engineering
New Capital: £200,000
Location: South East
At B&Y we continue to be active across all markets from development capital for established firms, exceptional early stage businesses and of course, turnaround. We raise capital through our business angel network with investments ranging between £250,000 to £5million, so please do feel free to get in touch to see how we can help.