Liquidity Club has arranged and advised a seven-figure working capital facility for Rotherham-based Specialised Laser Products Ltd (SLP) to support future growth. Liquidity Club worked with Ultimate Finance who acted as funders on the deal.
SLP is run by owner and founder Duncan Proctor, an expert in the metal cutting services sector. SLP was formed in 1995 to initially support the Machine Knife industry in the South Yorkshire area with laser cutting services. SLP has since grown and employs 30 people from a 20,000 sq ft unit at Ford Park in Rotherham. They relocated to this site in 2000 and expanded into more traditional laser markets, of mild and stainless steels, supplying a multitude of industries. Today the family-run laser cutting company is a multi-million-pound business delivering laser cut metal products across the UK, with accreditations for Quality Management ISO 9001:2015 and CE accreditation that assures products meet all the European Community directives.
The working capital facility was structured by Adam Myers at Ultimate Finance, who worked with Adam Simpson at the Liquidity Club to tailor a finance package to support SLP’s growth strategy to move the business forward to expand with new projects in the rail sector and increase profits. The working capital line includes a revolving facility that provides flexibility for SLP to access funding when it is needed to assist new contract wins and growth opportunities.
Duncan Proctor, Managing Director SLP said: “The new funding package puts SLP in a strong position for continued growth and will support new contract wins and our ability to drive forward the business. We have recently expanded our sales team which further strengthens our ability and desire to increase our customer base across the UK. We want to be the best at what we do – which is why we’ve invested in our people and use the latest technology, enabling us to deliver projects on time and to specification."
“I have been impressed by the support provided by Adam Simpson at Liquidity Club. He has been first class. The whole process has been much easier because Adam reviewed the funding options and introduced us to the right funding partner. As a result, we have worked with Adam Myers at Ultimate Finance and received the funding boost we needed to support our growth.”
SLP is winning exciting new contracts in the rail industry and the funding that we’ve provided means they can maximise those opportunities. We were able to offer Duncan and his team an increased finance package that provides extra security to continue pursuing their growth plans with confidence. Working with Duncan and Adam at Liquidity Club, has been a pleasure.”
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