Thomas Broadbent & Sons, advised by Interpath Advisory’s debt team, has received a flexible, multi-million-pound asset-based lending facility from Independent Growth Finance (IGF). The funding is strategically designed to support the company’s ambitious growth plans and expansion into emerging markets. It will enable Thomas Broadbent to enhance its operational capabilities and drive innovation as it embraces new opportunities in the green energy sector._x000D_
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With IGF’s support, Thomas Broadbent is positioned to continue expanding its capabilities, meeting the needs of traditional clients and venturing into transformative new markets._x000D_
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“The funding from IGF will play a crucial role in supporting our growth initiatives across various sectors,” Matt Durkin Jones, finance director of Thomas Broadbent, said. “Their partnership and understanding of our business needs will enable us to pursue new opportunities, including our commitment to sustainability and innovation.”_x000D_
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“We’re excited to partner with Thomas Broadbent and look forward to working alongside them to help achieve their growth objectives into new markets and ongoing innovation,” Richard Spielbichler, ABL director at IGF in Manchester, said._x000D_
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A team from Interpath provided debt advisory services to Thomas Broadbent to secure the business’ first holistic finance raise in its 160-year history._x000D_
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“Finding the right funding partner is critical to the success of an ambitious business,” Ben Smith, a director at Interpath, who led the transaction and was supported by Sam Hibbert and Jake Bennett, said. “Thomas Broadbent has a rich history in the precision engineering sector and has proven its pedigree through international expansion and established position in key economic sectors. Now, as the business breaks new ground in the green energy market, the partnership with IGF will give them the firepower and flexible facilities that will grow with them, build on its generations of success and really push the boundaries of British engineering on a global scale.”
Forward for Specialty Finance
