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’.

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