Baker and Bellfield, a supplier of specialist interiors solutions based in Telford, Shropshire, has secured a GBP1.5 million invoice discounting funding line through Cynergy Business Finance.
A family-owned business trading since 1993, its special processes include design engineering, metalwork, specialised joinery, and injection moulding. By investing strategically in advanced manufacturing technology, Baker and Bellfield ensures control of its products through design, manufacture, and installation.
The funding from Cynergy Business Finance will enable Baker and Bellfield to replace some of its current banking facilities with a more suitable asset based lending facility, doubling the amount of financing they have available for working capital.
Additional funding will also support the company’s cashflow as it plans to expand operations into a second site and produce a wider range of products for its customers.
