Secure Trust Bank Commercial Finance has provided a £4.2m funding package to BREAL Group and its portfolio company Silcoms, a long-established precision engineering firm supplying the UK aerospace sector.
The facility combines receivables finance, plant and machinery investment, property finance and an overpayment facility, and reflects STB CF’s focus on supporting private equity-backed growth and turnaround transactions.
Silcoms, based in Bolton, was founded in 1939 as Bolton Engineering Company and has since developed into a specialist manufacturer of high-precision components for the aeronautics industry.
The business also produces conveyor chain solutions for sectors including quarrying, food manufacturing and textiles.
STB CF’s funding will support Silcoms in strengthening its position in the commercial aerospace market, upgrading its facilities and equipment, and expanding its management team to enable growth into adjacent aerospace sectors.
Daniel Holmes, managing director at Silcoms, said: “We’re really excited about this next chapter for Silcoms.
With STB’s support, this enables us to invest in our operations and people and grow into new areas of our sector. With the continued support of our key partners, we’re confident in the strength of our business and its long-term future.”
Mick Welden, chief financial officer of BREAL Group, said: “The funding from STB CF has been instrumental in setting the business on a strong footing for the future.
“This support will allow Silcoms to consolidate its position in the market, upgrade its manufacturing capabilities, and begin exploring opportunities across other aerospace sectors.
“We’re confident in the existing team and are continuing to invest in new leadership and engineering talent to drive the next phase of growth.”
Paul Goodchild, regional sales director at Secure Trust Bank, said: “We’re proud to have supported BREAL Group and its portfolio company Silcoms, a business with a strong engineering heritage and strategic importance to the UK’s aerospace sector.
“This transaction is a great example of how we partner with private equity to deliver bespoke funding solutions that provide the working capital and investment headroom needed for sustainable growth.
“We look forward to seeing Silcoms build on its legacy and continue expanding under BREAL Group’s ownership.”
