Goodfish Group, a plastic and composite components manufacturer, has secured additional funding from Shawbrook with a multi-asset facility to complete its acquisition of Schneider Electric’s UK extrusion and assembly business in Flint.
This facility brings the client’s total facilities to £11m.
Founded in 2010 by Greg McDonald, Goodfish Group has grown steadily through targeted acquisitions and now operates four manufacturing and assembly facilities across the UK.
This latest move strengthens its capabilities and marks another strategic step in its expansion.
The acquisition, completed in October 2024, allows Goodfish to integrate the Flint operations under the name Goodfish (Flint) Ltd.
Jamie Kerin, managing director of Goodfish, said: “This acquisition is a natural next step, allowing us to enhance our services and increase our capacity.
“We’re pleased to bring the Flint operations into the Goodfish Group and for the continued support of Shawbrook in funding these strategic initiatives.”
To fund the acquisition, Shawbrook provided Goodfish with multi-asset facility comprising receivables, property, inventory and plant and machinery.
The funding provided additional working capital to support the growth and integration of the Flint facility into the Group.
Liam Baxter, client director, asset based lending at Shawbrook, said: “We’re delighted to continue our support of Goodfish’s growth and build upon our longstanding relationship.
“The acquisition was complex, involving an extended timeline and multiple approvals due to the scope and scale of the transaction.
“We worked closely with Jamie and the team at Goodfish to adapt the funding as needed, ensuring the company could proceed with confidence despite the complexities.“
Oliver Wilson, head of asset based lending at Shawbrook, added: “Shawbrook is committed to supporting great UK businesses, providing flexible asset based lending facilities that can evolve as our clients’ needs change, with no caps on collateral mix.
“This latest transaction for Goodfish reflects our capability in structuring multi-asset solutions and aligns with Shawbrook’s commitment to supporting the growth ambitions of mid-sized UK businesses.”
