Contact
April 28, 2017

Coral Products PLC secure £600k facilitated by PMD

Customer – Coral Products PLC

What were the funding requirements?

£600K Funding Facility, used to acquire the assets of ICM Ltd that produce vehicle component parts for two major multinational tier 1 automotive system providers.

 

Why did Coral Products PLC use PMD?

High Street banks wouldn’t support due to age of the machinery. We were able to use one funder from our panel to structure this deal on terms suitable to the client.

 

What will this do for their business?

Facilitate greater capacity & allow them to enter the automotive market and support their ambitious growth plans.

Client comment – ‘PMD have been quick and efficient in arranging this transaction despite its complex nature. They’re always easy to deal with and their terms suited our needs, Great service once again’.

You might like...

A guide to Invoice Finance
March 30, 2025
For any new-start business, there are going to be liabilities that need paying week in, week out, before they start being paid for the work that they’re doing. Having capital tied up in unpaid invoices can be a huge financial burden, especially for SMEs. Invoice finance is a viable option to support these business owners.
Read more

A guide to Asset Refinance
March 11, 2025
When it comes to business growth we often think about expansion, investing in the latest products and technologies and maintaining a healthy cashflow. One of the biggest barriers that currently stops SME owners from reaching their potential is a lack of access to funds. That’s where asset refinance comes in.
Read more