Case Studies (How We Helped)

600

Clients helped this year

£30

million raised this year

100%

Grant Application Success

600

new jobs created through funding

Witley Jones Furniture

Central Finance worked with Worcestershire business Witley Jones Furniture to secure a £100,000 grant package to part fund the purchase of additional premises to expand their floor space by 5000 SqM to increase production by 20% and create 11 additional jobs.

The fully FCA regulated and independent commercial financial services provider sourced the £100,000 grant through The Worcestershire Growth Fund, administered by Worcestershire County Council and part funded by the European Regional Development Fund for the Stourport on Severn-based business.

Witley Jones Furniture Ltd based at Sandy Lane Industrial Estate has been trading since 1996. Specialists in bespoke design manufacture and installation of high-quality education furniture for clients in the UK, Europe and across the world, Witley Jones Furniture is a progressive business that consistently develops their offering.

Chris Jones, Managing Director, Witley Jones Furniture Ltd says: “The variety of work we do here at Witley Furniture Ltd requires significant experience, high-quality workmanship, the very best machinery and technology and more importantly a significant space to house it all. To continually develop and diversify our products, ensure our products are the highest quality on the market, and keep up with demand, we needed to invest in machinery and additional premises.

“To purchase the property was going to be a huge financial commitment for the business, and I had heard of grant funding for manufacturing businesses was available in Worcestershire and called Central Finance directly due to their grant funding success. It was clear after meeting Alison, who has years of experience working with manufacturers to access Grant funding that Central Finance would help us achieve our goals and invest in our future.”

 

Birmingham Prototypes Ltd

Central Finance worked with Redditch based Birmingham Prototypes Ltd to secure a £60,000 grant package to complement the family owned business’ investment plans to optimise their production and development for their aviation and automotive clients including Jaguar Land Rover, creating an additional six jobs for the region.

The independent commercial financial services provider sourced the £60,000 grant through The Birmingham Growth Programme, managed by Birmingham City Council and part funded by the European Development Programme for the Redditch based business.

Birmingham Prototypes Ltd based at their premises in Madeley Road Industrial Estate, Redditch have been trading since 2004. Specialists in sheet metal work with expertise in supplying prototypes pressings / bracketry, classic car panels and low volume work to the aviation, automotive and white goods sectors. They offer a one-stop-shop service taking parts from CAD or drawing through to inspected product (e.g. PPAP, FAIR) that is fit for function.

Michael Adams, Managing Director, Birmingham Prototypes Ltd says: “The scale of work we do here at Birmingham Prototypes Ltd varies greatly from one off bespoke parts to large projects containing multiple components through to scheduled low-volume production parts. To continually develop and diversify our products, ensure our clients are happy with the range of service and products we develop and the time and quality to deliver, we needed to invest in our machinery and have the very best machinery on the market.

“Accessing grant funding was not something I considered until HSBC suggested meeting Alison at Central Finance. It was clear after meeting Alison, who has years of experience working with manufacturers to access Grant funding that Central Finance would help us achieve our goals and invest in our future.”

The Express Motorist Centre – Apprentice to Owner via Peer to Peer Finance

Central Finance helps former apprentice Ashley to become owner thanks to Peer to Peer Financing.

Express Motorist Centre is a vehicle repair site based in Walsall in the West Midlands. Currently operating for over 35 years, back in 1987 they took on a 16-year-old apprentice, Ashley Johnson, who worked his way up to fully qualified mechanic in five years. 25 years later, having identified the company’s scope for expansion and development, he came back to orchestrate a Management Buy In.

Ashley approached his bank, and found they were not willing or able to finance an MBI. Central Finance’s Steve Harris, Peer to Peer expert came recommended to Ashley and explained the benefits of peer-to-peer lending, and  ThinCats Loan Provision: “Only a couple of P2P lenders understand these types of transactions well enough to take them on,” clarifies Central Finance Director, Steve Harris.

“We had an initial meeting with Ashley, discussed and analysed the details of the strategy and development plans to decide on the most suitable avenue for the loan, and decided ThinCats would be where it would fit best. It was a nice transaction,” he says.

Ashley goes on to explain: “I felt that there was plenty of scope for developing the business, and as I have experience of working at the repair centre first-hand as well as a number of years in other relevant industries, I was perfectly placed to take on the reigns from the current owners.”

Future plans for the business include doubling the volume of work through the contracts that they hold for commercial vehicles, growing the consumer client base by increasing their opening hours at the Walsall centre, and expanding into the motorbike repair business; all of which can only have been a pipe dream to a 16-year-old apprentice, supported to fruition by a ThinCats loan arranged by Central Finance.

NEW OWNERS FOR MCRS – THANKS TO CENTRAL FINANCE

Central Finance raised a six-figure finance package for Wolverhampton based business Midland Cold Rolled Sections Ltd (MCRS) to fund the business purchase by members from a former competitor management team Russell Eynon and Wayne Fletcher. The purchase will see turnover double at MCRS Ltd in the first year, employ additional engineers and invest further in machinery and infrastructure.

 

With over sixty years’ collective experience in commercial finance including; business development loans, commercial mortgages, peer to peer finance and grants, Central Finance sourced a business development loan and an invoice discounting facility which allowed Russell Eynon and Wayne Fletcher, experienced directors from a leading competitor purchase MCRS Ltd.

 

MCRS Ltd is a specialist manufacturer and a major player in the design, manufacture and supply of cold rolled sections for a wide range of construction, industrial, agricultural and automotive clients. A well-established business operating for eight years in Wolverhampton, will under the new ownership, and thanks to funding, drive expansion into new sectors and continue research into developing new products and services, purchase new equipment, and hire additional members of staff.

Wayne Fletcher, Director, MCRS Ltd says: “Having previously worked for another major name in the sector, acquiring MCRS Ltd was an excellent opportunity, but it was clear we needed expert advice on gaining the right finance package to do so.

 

“Having worked for many years in a similar business, the prospect of collectively using our skills and abilities for our own benefit became more than just a pipe dream thanks to Alison.

 

“Finding the right finance package to fund this project was key and we couldn’t do it alone. Our aims were and are ambitious, and we wanted to work with someone who could achieve the funds to purchase MCRS Ltd both swiftly and efficiently. It was clear after meeting Alison, who has years of experience working with manufacturers to achieve finance packages of this size that Central Finance would help us achieve our goals and invest in MCRS Ltd.”

 

MANAGEMENT BUY OUT SUCCESS THANKS TO CENTRAL FINANCE

Experienced business advisors, Central Finance have raised a six-figure finance package for Halesowen business EuroFreight Shipping Agencies Ltd to fund the management buyout of the freight forwarding business, to diversify the service provision and securing the future of the business under sole ownership.

EuroFreight Shipping Agencies Ltd, established in 1991, are a dynamic, ambitious international freight forwarding business with a collective of 90 years’ experience in exporting and importing of cargoes to and from worldwide destinations via road, sea and air/express approached Central Finance to access finance to o buy out the former owner and to focus on new markets for the freight forwarder.

The Midlands based financial consultancy, who have over sixty years’ collective experience in commercial finance including; business development loans, commercial mortgages, peer to peer finance and grants sourced a Peer to Peer finance package via ThinCats, which allowed shareholder Rick Alphonso to buy out the former owner and to focus on new markets for the freight forwarder.

Rick Alphonso, Managing Director, EuroFreight says: “I have worked in freight forwarding for many years, and have been a director of EuroFreight for the last two. When an opportunity came along to buy-out my former shareholder and put into practice some of the ideas I have to drive business expansion, it was clear I needed expert advice on gaining finance.

 

“Finding the right finance to purchase the entirety of the business was key to the buy-out and securing the future of EuroFreight. I couldn’t have done it alone. It was clear after meeting Steve, who has years of experience working with small to large businesses to access business finance that Central Finance would help me achieve my aim to own EuroFreight outright for the right price.”

Rick Alphonso goes on to say: “Central Finance took the time to understand my business objectives, the trading history, the potential and how I could achieve the buy-out swiftly and successfully.  Their track record in accessing finance and their ability to understand the lending criteria and small print, and ultimately taking away the late nights and most of all the headache of form filling has provided a sustainable, positive outlook for the future of EuroFreight.”

“The funds have not only allowed me to buy out my former business partner, but will also allow us to drive expansion in the road and sea divisions of the business with a new sales and marketing plan and provide bespoke services to the Far East.”

Burrows Home Comfort – Refinancing

Steve Harris, Central Finance’s Peer to Peer Finance Expert raised a six figure finance package for commercial property improvements business Burrows Home Comfort to refinance old debt accessing significant rate reductions and thousands of pounds of cost savings as a result.

The independent, and fully FCA regulated commercial financial services provider sourced the six figure refinance package through Funding Circle, the largest peer to peer funder in the UK to provide Burrows Home Comfort with over a £1000 cost savings every month over the term to reinvest in new sales and marketing materials and a new bespoke, mobile ready website.

Electra Engineering

Thanks to Central Finance, Black Country based Electra Engineering secured over £150,000 in alternative finance to fund their international expansion plans.

The independent commercial financial services provider sourced the six figure finance package through alternative finance provided by Funding Circle & Just Cash flow to fund the development of Electra Engineering’s stock range for their customers world-wide and aid international expansion.

Electra Engineering Services, based in Cradley Heath have been trading since 1977 and distribute industrial fasteners, turned parts, and other engineering products including PPE and consumables  all over the world for clients in the agricultural, automotive, construction, electronic, telecommunications sectors and soon to be many more.

 

Tools R Us

Central Finance raised over £300,000 for Ian Shakespeare to successfully complete the Management Buy Out of Tools R Us in Telford.

The independent commercial financial services provider sourced the six figure finance package through alternative finance provided by Money & Co for the Telford based business.

Industrial Supplies Direct, trading as Tools R Us supplies are a ‘one-stop shop’ for their clients supplying over 70,000 different products including washers, chemicals, bespoke bolts, clothing, and eye protection.

Bains Builders Ltd – Property Developers

Central Finance raised over half a million pounds via a property development loan for local builder; Bains Builders Ltd. towards the development of a children’s care home in Stourbridge.

 

The independent commercial financial services provider sourced the six figure loan via Assetz Capital for the building firm to provide a new, state of the art facility which will provide respite, development and education to children in Stourbridge, West Midlands.

 

Bains Builders Ltd, headed up by Surinder Bains builds and develops commercial and residential properties across the West Midlands and recently wanted to expand their portfolio but needed assistance with funding to complete the build to the specification required.

 

Surinder Bains, Managing Director, Bains Builders says: “Ambitious to build more properties, provide a solution to on-going property shortage and diversify our development clientele  in the Midlands, it was clear we needed short term funding. With the support of Steve Harris at Central Finance, our aims to develop the new care home in Amblecote have been successful.

 

“Finding the right finance package for this investment was key to our future growth and we couldn’t do it alone. Our aims were and are ambitious, and we wanted to work with someone who could achieve our funding requirements both swiftly and efficiently. It was clear after meeting Steve, who has years of experience working with small businesses to access finance, that Central Finance would help us achieve our goals and invest in our future.”

 

A&T Enclosures

Central Finance worked with Lloyds TSB to raise a whopping £2.5 million finance package for Dudley based business A&T Enclosures Ltd to fund their ambitious business plans to expand into the renewable energy market, employ more staff, purchase new premises and invest further in machinery and infrastructure.

 

The Midlands based financial consultancy sourced the six figure sum including a £1.3 million commercial mortgage and a £577,000 Regional Growth Grant from Sandwell Council.

 

A&T Enclosures, a specialist manufacturer who’s customers include Rail, Water and Utility Authorities are a progressive, well established business operating for over 21 years with over 50 skilled staff and will utilise the funds to drive expansion into new sectors, fund research and development into new products, purchase new equipment, hire an additional 29 employees over the next three years and cement their commitment to Dudley and the region by purchasing their premises.

 

Tim King, Managing Director, A&T Enclosures says: “To develop and diversify our products, secure the future of our business, provide new and existing customers with a quality and ever developing product it was clear we needed to invest in our machinery, our workforce, our research and development and ultimately our premises.

 

“Finding the right finance package to fund this project was key and we couldn’t do it alone. Our aims were and are ambitious, and we wanted to work with someone who could achieve our capital requirements both swiftly and efficiently. It was clear after meeting Alison, who has years of experience working with manufacturers to achieve both grant funding and other business finance that Central Finance would help us achieve our goals and invest in our future.”

Eurolec

Eurolec, an established, family run, specialist re-manufacturers and suppliers of alternators and starter motors to the automotive industry approached Central Finance to help them with their ambitious business objectives and growth plans.

Central Finance sourced a six figure finance package including a Green Bridge Grant teamed with Peer to Peer financing for Eurolec.

Michael Hadley, Managing Director at Eurolec says: “To continue to innovate and keep ahead of the demanding changes in the automotive industry, we needed to invest in new machinery, update our premises and hire more staff to increase our output capacity.

“Finding the right funding to do this seemed complex and time consuming, especially grant applications and criteria. I met Steve Harris of Central Finance, following a meeting with my bank manager and it was clear from their experience and grant application success, we should ask the experts and I’m glad we did!”

TP3 Global

Experienced business advisors, Central Finance achieved a significant grant package via ERDF for Redditch based specialist manufacturing business TP3 Global to fund their ambitious growth plans, invest in new machinery and hire more staff.

The Midlands based financial consultancy sourced the grant package for TP3 Global in order to help drive its expansion of its premises, invest in new machinery to develop its intelligent, protective packaging, which maintains an ambient temperature for the pharmaceutical supply chain sector.

TP3 Global are specialist manufacturer and suppliers of Silverskin Thermal Pallet covers, offering protection to cold chain and  temperature sensitive goods in transit, primarily for the pharmaceutical and food sectors. The grant funding will enable TP3 Global to expand, renovate and refit their premises, purchase new machinery and fund the creation of 14 new jobs to expand their customer base and increase exports.

Clive Wheeldon, CEO and Chairman at TP3 Global says: “To continue to innovate and keep ahead of the demanding legislative changes in the pharmaceutical sector, Peter (Lockett, COO and Global Technical Director) and I decided we needed to invest in new technology and expand our infrastructure.

“Finding finance to do this seemed complex and time consuming, especially grant applications and criteria. I met Alison Bradley and it was clear from their experience and grant application success, we should ask the experts and I’m glad we did!

“Achieving grant funding was key to expanding our business and growing exports.”

 

Bamboo Marketing

Bamboo Marketing , a Worcestershire based marketing agency, approached Central Finance’s Steve Harris for grant support through the Worcestershire Expansion Programme to invest in new technology, additional facilities and create new jobs.

In addition to grant funding, Central Finance also raised and additional six figure finance package to support the expansion, which has led to the creation of 20 contact centre staff, and additional posts in administration, IT assistance and digital and website design. The company is now also able to accept more pro-bono work for local charities, and work for small businesses benefitting the local area.

The company has been able to expand its business, enabling it to maximise business growth and manage the growing volume of calls. Training has also been funded to make certain all staff use the new technology for the best possible customer service, ensuring the company continues to provide top-class marketing services.

Annalisa Walker, Managing Director, Bamboo Marketing says: “Thanks to Steve and the team at Central Finance, our ideas to grow the business, employ more staff, improve our service offering, and bring more business to Worcestershire can now be put into place.

 

Six Bells Brewery

Publican, beer enthusiast and entrepreneur John Stradling approached Central Finance with a business plan and an idea to purchase a pub and a brewery in Shropshire.

Central Finance secured a commercial mortgage to purchase the Six Bells brewery and pub, additional loan funding and finance to renovate and develop and extend the existing site to provide restaurant facilities and hire an additional nine members of staff.

Six Bells Brewery and Pub are now undertaking significant improvements to their village pub thanks to multi finance package arranged by Central Finance.

Spillard Safety Systems Ltd

Central Finance supported Wolverhampton based Spillard Safety Systems Ltd provide their clients with innovative new 360° camera equipment for commercial vehicles by arranging a mixture of finance including peer to peer and regional loan funding.

The camera equipment, the first of its kind in the UK, is specifically for use on commercial vehicles and is just one piece of the extensive range of vehicle safety equipment offered by the firm. The six-figure finance package has enabled the company to sell the product  in the UK and to export overseas.

Infinity Wireless Ltd

Established in 2011 Infinity Wireless Ltd are a Birmingham based software design company who called upon Central Finance to access funding to invest in marketing for their new data recovery system aimed at users of Smart phones.

Working closely with Infinity Wireless, Central Finance accessed significant grant funding for the software company to drive market awareness of their new software to global markets, specifically USA to drive sales and profit.

HD Connectivity

Central Finance supported ambitious Malvern-based technology business; HD Connectivity, an award-winning smart home electronics company  release a new multiroom HDTV system that is the first of its kind to be designed, developed and manufactured in the UK by providing a funding package to facilitate research and development.

The funding package from Central Finance also helped HD Connectivity bring the manufacturing of their HDanywhere brand products back to the UK and enabled them to export to the USA, Australia and Canada.

Innovators in multiroom HDTV, long-distance signal extension, and HDMI-based products, HD Connectivity are the UK’s only developer of this type of video distribution technology, which they sell worldwide under the brand name HDanywhere. They manufacture around 2500 single units per year and now export to countries located across five continents, flying the flag for British manufacturing.

As a result of Central Finance’s support, HD Connectivity have been able to increase export sales by 250%

Datatech UK

Datatech UK, one of the UK’s most sophisticated IT solutions and website hosting providers with global blue chip clients in banking, retail, and well known search engines, called upon commercial finance consultants Central Finance to prepare a six figure funding package to invest in the UK’s most sophisticated data software.

Central Finance worked closely with the innovative IT company to create a unique funding package including a Research and Development Grant, a Enterprise Finance Guarantee Loan Scheme and Equity Funding to grow their service offering at Datatech UK.

Datatech UK have now developed the most sophisticated data centre in the UK, the greenest in Europe and one of the largest of its kind.

HNS Signs

HNS Signs, one of the Midlands’ leading signage businesses took advantage our expert funding experience and knowledge of the finance sector to help grow their business, invest in new technology and attract new customers.

Central Finance worked closely with the sign manufacturer to understand their business, the objectives and plans for future growth to create a bespoke funding package including a development grants, regional loan funding and peer to peer to finance the growth of HNS Signs.

HNS Signs have since invested in new machinery, additional marketing activity, hired more staff and have secured more customers using their Central Finance sourced funding package.

 

Andesign

Andesign, one of the Midlands’ leading print businesses with global, blue chip clients called on Central Finance to help finance their big ideas, their future and business objectives.

Central Finance worked closely with Andy Williams at Andesign to create a bespoke funding package including; regional loan funding, government grants, peer to peer funding and a commercial mortgage to finance the future of the Midlands’ print business.

Andesign have utilised their funding package to invest in new technology, additional state of the art printing machinery, new, larger premises and have increased their workforce to deliver their projected business growth.

 

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