ThinCats launches Agile Capital solution as demand for funding increases
In this update:
Agile Capital - an all-in-one solution for growth and working capital funding
Our new #lending facility, Agile Capital, provides a flexible #funding solution for growth and working capital which combines a term loan with a revolving credit facility (RCF).
We have created this product to provide greater flexibility and further empower mid-sized businesses in their growth aspirations with financing from ￡3m to ￡20m, without the operational intrusion of cash management of working capital assets.
ThinCats increases maximum initial loan size to ￡20 million
We are seeing increasing appetite from mid-sized businesses for larger loan facilities to support their ambitious growth plans. In response to this demand, we are increasing our maximum initial funding from ￡15m to ￡20m.
Our average initial loan size has increased to more than ￡6m over the last 3 years and during this time ThinCats has provided more than ￡500m in funding for loans above ￡10m in size.
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Corporate advisers survey shows growing market confidence
Our latest UK wide corporate finance adviser survey, which canvasses opinion from experts from over 70 leading advisory firms, shows a marked improvement in sentiment compared to six months ago. The majority of respondents (59%) are seeing more activity from #SMEs than they were six months ago and growing appetite for funding from owner managed businesses.
We are delighted to have provided a significant growth capital facility to residential children’s home service provider, My Tribe Homes, that allows them to realise their plans to expand across the South East.
The funding provided has helped them acquire Lotus House and Nova House which are due to be operational in the coming months with the group looking forward to welcoming the new My Tribe family members.
We are delighted to have provided #funding to facilitate a management buy-out at Crondall Energy, a leading independent offshore #energy consultancy.
Funding from #ThinCats in 2018 enabled the primary #MBO, whereby current MD, Anna-Louise Peters became a minority shareholder. The MBO sees founder Duncan Peace retain a minority stake in the company as he prepares to retire from full-time executive involvement, whilst retaining a Non Executive position on the Board.
International Financial Controller/Head of Tax at Guestline
10 个月Lots of great activity and upside ThinCats well done.