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Dalby Holdings secures funding to support future growth

Dalby Holdings, the parent company of Regent Engineers and Harry Dalby Engineering, has secured a multi-million-pound facility to support rising demand and future growth. With major new contracts secured across its two businesses and more in the pipeline, the group turned to Evolve Business Finance to find the right funder to back its next stage of development.

Dalby Holdings is a group of two engineering businesses based in Leicester – Harry Dalby Engineering and Regent Engineers. Together they employ around 170 people and provide design, manufacture and finishing services across the UK.

Harry Dalby Engineering is one of the UK’s leading makers of spray booths and lifts. Known for its innovation and design quality, the business has grown steadily by supplying both owner-operated businesses and high-volume OEMs.  Regent Engineers is a one-stop shop for metal component manufacture, covering everything from laser cutting and pressing to fabrication, powder coating and CNC machining. With customers in sectors ranging from rail and automotive to yellow goods, defence and building products, Regent is known for its ability to handle both high volume and complex engineering contracts.

The group is forecasting strong growth over the next 12 month. With rising demand across both Regent and Dalby, the group needed additional funding to support growth. Regent Engineers had secured two significant contracts from electric vehicle manufacturers and Harry Dalby Engineering was also tendering for large military contracts.  With markets picking up and new projects in motion, the group wanted to get ahead of the curve and prepare for a busy period.

Dalby Holdings was introduced to Stef Radymski, director of Evolve Business Finance, by a trusted adviser. With a good understanding of the group’s future plans, Stef worked with the directors to consolidate several finance lines into one facility.

Stef approached suitable lenders, prepared a full information pack and managed the process through to completion, helping ensure the business had the funding it needed ahead of planned expansion.

What our client said

AWe didn’t go looking for Stef - he was recommended to us and now we know why. He’s been responsive, helpful and a steady link between all the parties involved. He got the deal done quickly through Cynergy Business Finance and made sure everyone stayed on track.”

Neil Parker, Group Finance Director, Dalby Holdings

What we thought

AIt was great to work with Neil and the team. This was a growth story - not a rescue one - and we made sure the funding supported that. With the new contracts starting to ramp up, the group now has the headroom it needs to move forward.”

Stefan Radymski, Director - Evolve Business Finance

And the lender commented

AWe’re pleased to support Dalby Holdings as it enters a new phase of growth. The business has a strong track record and a clear plan and we were impressed by the team’s focus and ambition. It’s been a real pleasure working alongside Stef and the Evolve team to deliver the right facility."

Luke Fitzsimmons, Corporate Sales Director - Cynergy Business Finance