Briton Fabricators secures funding for new equipment

Briton Fabricators has been part of the UK bridge and gantry sector since 1973. The firm works on road and rail jobs for National Highways, Network Rail and HS2, covering the full cycle from design to install. Its site in Hucknall is one of the largest fabrication plants in the country for this type of work.  Recent projects include work on Nottingham’s new Waterside Bridge, a major lift over the River Trent that drew crowds when it was installed. It marks the city’s first new river crossing in more than six decades.  The business now employs around 120 people and has pushed turnover past £15m.

Briton Fabricators had used asset finance in the past through its bank, but the historic line was no longer in place. The business had not needed new funding for some time, so when it planned to invest in a significant batch of new kit, it wanted support in finding the right lender.

With the supplier not offering finance and no current facility to draw on, the team at Briton Fabricators Ltd asked the relationship manager at the bank to recommend someone suitable. That is how they were introduced to Stefan Radymski at Evolve.

Stef spoke to Matt Shaw, the firm’s finance director, to understand the planned spend and timing. With equipment already chosen, the focus was on arranging straightforward funding that matched the company’s needs and cashflow.

Evolve sourced two asset finance facilities that supported the purchase, with deals arranged through Lombard and Allica Bank. Stef kept the process simple, packaged the information in the way lenders needed and moved the deals forward without delay.

The equipment is now in place and helping the team bring more efficiency to key projects across the rail and highways network.