CF Booth, a UK’s metal recycling company, has received a flexible £20 million asset-based lending facility from Independent Growth Finance (IGF) to support its growth ambitions.
The facility provided by IGF will support the growth ambitions of the business and enable the group to continue investing in operations and performance improvement. Interpath Advisory assisted CF Booth on the deal.
Christopher Woodcock, FD at CF Booth, said, “With IGF’s support we have the working capital we need to accelerate our growth and enhance our operational performance. We are extremely positive about the new opportunities this investment will create. It further strengthens our position, allowing us to invest further in our operations, demonstrating our commitment to provide for our customers.”
Richard Spielbichler, ABL director at IGF in Manchester, said, “With a proud legacy and a clear strategic direction, CF Booth is well positioned to focus on their future growth and success. This investment will create a step change in the business, allowing them to invest in their operations and increase their capabilities to secure further new contracts.”
