ThinCats, the alternative lender, has provided £1.5 million in funding to a specialist contractor to the construction industry.
The lender, based in Ashby-de-la-Zouch, Leicestershire, has provided refinancing for Three Shires Ltd, which is based in Melton Mowbray.
Three Shires provides specialist contracting services to the rail, utilities, highways, construction and civil infrastructure sectors.
It was founded more than 25 years ago, and has developed strong relationships with UK’s construction contractors, house builders, civil engineers, developers, and environmental/ecological consultants.
It also provides services covering environmental fencing, arboriculture, Invasive weed and site clearance, and has its own ecological and environmental consultancy division.
Complementing its Leicestershire HQ are offices on the Wirral, South Wales and Dorset, servicing clients across the UK.
Thincats said a previous revolving facility Three Shires had with another funder was lost when the funder went into liquidation.
Management at Three Shires were introduced to ThinCats by Alasdair McPherson of London-based business finance specialists Rangewell.
Three Shires managing director James Lloyd said: “We are best known as a specialist ecological contractor and we are very proud of the service that we offer.
“The demands and requirements of the sector have evolved hugely over the years, and we have always strived to be ahead of the needs of our clients, providing eco-friendly services to enable them to be as environmentally conscious as possible.
“This funding will help us to continue with our targeted development.”
Alasdair McPherson, from Rangewell said: “Having worked with ThinCats on complex transactions a number of times during the last 12 months, we knew their knowledge of the sector and speed of due diligence would provide the results that Three Shires required.”
Dave Sherrington, regional head of sales in London for ThinCats said: “James and his team have an excellent reputation in a niche market, and one on which the focus is ever increasing.
“They provide a very important, and growing, service to a large number of big players in the construction industry, and we are very pleased to have been able to support them in their progression.”
