Shawbrook has completed a refinancing and growth capital package for long-standing client, the Helideck Certification Agency (HCA).
The agreement includes the refinance of an existing £500,000 facility and the provision of an additional £1.2m in funding, supporting a key shareholder purchase and enabling the business to maintain its growth trajectory.
Established in 2005 and headquartered in Aberdeen, HCA is a specialist organisation dedicated to the safety and regulatory compliance of helicopter landing areas (helidecks) worldwide.
The company’s services span inspections, certification, friction testing, training, design consultancy, and competency assessments, serving sectors from offshore energy to superyachts and healthcare.
Dave Rae, managing director of Helideck Certification Agency Ltd, said: “Our partnership with Shawbrook has been instrumental in delivering on our strategic goals.
“Their understanding of our business and the dynamics of this sector were pivotal when selecting a suited lender back in 2020 and their ongoing support and flexible approach reaffirmed this decision now.
“This latest funding provides the resources we need to meet our growth objectives whilst enabling us to maintain the highest standards in helideck safety.”
Paul Shier, client manager, corporate leverage at Shawbrook, added: “This transaction is a testament to the long-term relationship between Shawbrook and HCA and a perfect example of how our dedicated, specialist portfolio teams can best support clients.
“We structured a facility that not only assisted HCA with their growth objectives and immediate shareholder ambitions but also underpins the business’s ongoing commitment to safety and innovation within a specialist global market.”
