This successful UK company specialise in the design and supply of fine chemicals to a number of sectors including the pharmaceutical industry and agriculture.
The requirement for funding arose due to a minority shareholder wishing to purchase additional equity from other owners.
Although profitable, due to the nature of the business it is inevitable there is a high level of export which has its associated risks. These have been mitigated with the inclusion of a credit protection policy.
Close Brothers provided a new £855k invoice finance facility with an additional £140k made available by the Liquidity Plus product (set to amortise over a 24 month period) which successfully funded the transaction.