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Funding for growth at Atlas Composite Technologies

Atlas Composite Technologies is one of the UK’s best-known composite manufacturers, supplying parts to aerospace, motorsport and defence. As demand rose and a new Derby site opened, the team needed funding that could grow with them and support new work.

Founded in 2017 and based in Ilkeston, Atlas Composite Technologies designs and builds high-performance composite parts for sectors where detail and quality matter. Its engineers and technicians work across aerospace, automotive, defence and research projects, using advanced machining, laminating and rapid prototyping. The firm now employs well over 100 staff and recently opened a second facility at Pride Park in Derby to support rising demand and larger contracts.

This meant Atlas needed extra headroom to keep jobs flowing. The business wanted a funding line that would move with its order book rather than stay fixed. With Ben Swain recently having stepped into the managing director role, there were plans already in motion and timing and flexibility were key.

Stef Radymski at Evolve Business Finance worked closely with Atlas to arrange a multi-million-pound package made up of a revolving facility and a term loan with Allica Bank. The structure allowed Atlas to draw funds as needed while also securing longer-term support for expansion. Evolve handled valuations, surveys and lender liaison and made sure the process was smooth and delivered in time. The result was funding that matched the firm’s trading cycle and gave room for further growth.

What our client said

AStef and the Evolve team have been our first call whenever funding comes up and that’s because they genuinely understand our business. Stef is always available - whatever the time of day - and acts more like a business adviser than a broker. On this deal he managed everything from valuations and surveys through to liaising with different lenders and insurers. It was also provided at very competitive market rates which took a huge weight off our shoulders."

Ben Swain, Managing Director, Atlas Composite Technologies

What we thought

AAtlas Composite Technologies has worked with us for many years so we understand how the business is structured and what was required. This funding was about giving the business the headroom to service new orders, win new customers and keep delivering as it opened an additional site. We structured a revolving facility alongside a term loan which means the funding grows with the business as new projects come in.”

Stefan Radymski, Director - Evolve Business Finance

And the lender commented

AIt was a pleasure to support Atlas Composite Technologies alongside Evolve Business Finance. Allica Bank’s innovative Growth Finance Revolving Working Capital facility gives the business flexibility to meet current and future demand. Working closely with Stef and the Atlas team meant we could move quickly and design a facility that suits the ambition of the business. We look forward to supporting the continued expansion.”

Jon Bennett, Allica Bank