Insulated Tools Ltd moved into its next generation of development with a management buyout when the original owners wanted to take retirement. The new management team of Mark Wardle and Allan Challinor needed a specialist funding package to help them secure the business and continue its global expansion.
They needed a commercial mortgage and an invoice finance facility to acquire the business and had approached a number of high street banks for the funding however they failed to see the opportunity to fund its continued growth and global expansion, despite Insulated Tools heritage and track record for steady and trackable growth.
“In order for us to acquire the business it was crucial that we were able to secure a tailored and considered funding package. Aldermore had the imagination and product suite necessary to develop a creative financing proposition that met our aspirations for the business going forward."
Mark Wardle, Director, Insulated Tools