New deal announcement 🚨 Cynergy Business Finance are delighted to have worked with STI Limited Rcapital to support STI’s future growth with an £11.3m mixed asset-based lending facility. STI is a specialist contract electronics manufacturer based in Hampshire and Cheshire, and owned by private investor Rcapital. STI is a leading contract electronics manufacturer, specialising in printed circuit board assembly and box-build specialising in the aerospace, defence and security sectors. Cynergy Business Finance worked closely with the STI and RCapital team to create a tailored multi-asset facility comprising invoice discounting, plant & machinery and inventory, that will be used to fund the expected growth of the business over the next twelve months. Read more about the deal here👇 https://lnkd.in/eDq-yr2F Learn more about CBF’s services here: https://lnkd.in/evsDh9dK Learn more about STI here: https://lnkd.in/gwBYFjb Learn more about RCapital here: https://rcapital.co.uk/ Paul Fraser Jeremy Glaze Dave Golding Dan Burton Edward Winterton Cynergy Bank
Cynergy Business Finance
Banking
A UK Asset Based Lender serving the blended financial needs of business owners, entrepreneurs and family businesses.
About us
Cynergy Business Finance is the asset-based lending subsidiary of Cynergy Bank, a specialist bank which has been proudly helping to empower UK SMEs to achieve their ambitions. Cynergy Business Finance is committed to delivering a comprehensive set of financial solutions to businesses across the UK to meet the evolving needs of our customers. Cynergy Business Finance provides funding against business assets such as receivables, plant & machinery, inventory and property in a flexible, fast and efficient way for a number of different objectives including growth, acquisition, turnaround and expansion. We offer funding of between £500,000 and £25,000,000 per eligible business. We also offer cash flow loans and provide complementary export funding. The team has extensive collective experience in commercial and corporate lending. Building upon this knowledge and expertise with excellent relationship management, we pride ourselves in offering exceptional customer service alongside a comprehensive and holistic approach to finance. Cynergy Business Finance is a dynamic, diverse employer. We are passionate about involving all colleagues to make it an enjoyable and rewarding place to work, focusing on initiatives around health, wellbeing and social and charitable activities. Please visit http://www.cynergybusinessfinance.co.uk to find out more.
- Website
-
https://www.cynergybusinessfinance.co.uk
External link for Cynergy Business Finance
- Industry
- Banking
- Company size
- 201-500 employees
- Headquarters
- Manchester
- Type
- Privately Held
- Specialties
- Banking, Corporate Lending, Commercial Lending, Business Finance , Growth Finance, Acquisition, Turnaround, Expansion, and Block Discounting
Locations
-
Primary
Get directions
Manchester Business Centre, 3 Hardman Square
3 Hardman Square, Spinningfields, Manchester M3 3EB
Manchester, M3 3EB, GB
Employees at Cynergy Business Finance
Updates
-
New deal announcement 🚨 Cynergy Business Finance is delighted to be supporting Firemind with their ambitious growth plans with an £1m invoice discounting facility. Firemind is an Amazon Web Services (AWS) Advanced Partner specialising in AI, ML, data, and analytics, building solutions for some of the largest enterprises using their proprietary technology and industry expertise. As the 11th most accredited AWS partner globally and the 3rd highest in EMEA, Firemind has ambitious plans for expansion and required essential capital to take on more clients and continue its rapid growth trajectory. The Cynergy Business Finance were able to work closely with the team to package a facility that met their requirements, setting Firemind up for success in its next chapter. Read more about the deal here👇 https://lnkd.in/eq37TpHE Learn more about our services here: https://lnkd.in/eqzE5iXA Learn more about Firemind here: https://www.firemind.com/ Maxine Hennessy Jordan Austin Paul Fraser Dave Golding Dan Burton Edward Winterton #assetbasedlending #businessfinance #invoicediscounting #corporatefinancing
-
Well done to our colleagues Dan Burton Sarah Harrison on completing a new £2.5m invoice discounting facility for a new customer! 👏
We are pleased to have worked with Lee Humble and the Azets corporate finance team in completing a £2.5m Invoice Discounting facility for a new energy recruitment specialist based in the North East. Cynergy Business Finance replaced a facility the client had for many years with their high street bank which had recently proven restrictive due to ledger concentration issues relating to their blue chip debtor base. Lee and his team have worked extensively with their client in recent years and saw the potential for working capital strains during a period of rapid growth. Azets have a rapidly growing team across all service lines - Lee and his team were incredibly proactive and professional in all aspects of their dealings with the client during this process, this helped us to quickly agree a funding structure which worked well for their client. Great working alongside Sarah Harrison in turning around what has already been an excellent client to work with and a pleasure to welcome them to our portfolio. Lovely people and a great business - a perfect combination! Cynergy Bank Dave Golding Edward Winterton Paul Fraser Mark Simpson
-
-
Mid-year, and another milestone achieved! 🌟 Cynergy Business Finance has now reached £500m+ of committed funding limits for our customers – that’s nearly 300 SMEs across the UK, all with ambitions for growth. 📈 As our customers keep their businesses moving forward, so do we – we’re proud to be trusted partners, helping them unlock funding to seize new opportunities. 🤝 Well done to the team for all their hard work and thank you especially to all our customers and intermediary partners for putting their trust in us! 🙏 #assetbasedlending #SMEfinance #businessfinance Cynergy Bank Edward Winterton Dave Golding Dan Burton Paul Fraser
-
New deal announcement 🚨 Cynergy Business Finance is delighted to be supporting Smart Solutions Group with their ambitious growth plans with an £18m invoice discounting facility. Established in 2007, Smart Solutions is a leading recruitment agency in the UK for temporary recruitment and recently completed the acquisition of Heat Recruitment and Bridgestone Group. Cynergy Business Finance is providing Smart Solutions with a confidential invoice discounting facility that will support their working capital requirements across the three businesses, with the flexibility to fund new opportunities as they look to further expand their presence across the UK. Read more about the deal here👇 https://lnkd.in/eVFnvyff Learn more about our services here: https://lnkd.in/eyXyaB3D Learn more about Smart Solutions here: https://lnkd.in/duNJfRY Thank you TGL Solutions Ltd & Compare Your Funding for the introduction. Nicole Wadmore Dave Golding Edward Winterton Dan Burton Paul Fraser Cynergy Bank #assetbasedlending #invoicediscounting #businessfunding #acquisition #workingcapital
-
We’re thrilled to have been recognised by Business Money as the top #assetbasedlending provider in their annual Receivables Intermediary Index League Table! We’re honored to receive this acknowledgement just shy of 3 years after launching Cynergy Business Finance. It has been a fantastic journey supporting our 200+ #SME customers and working in collaboration with our excellent network of intermediaries and advisors, who have played a huge part in our success to date. At Cynergy Business Finance, we pride ourselves on ensuring our customers are always in good hands with dedicated and knowledgeable people who will be with you every step of the way. We’re proud of the team we have built today and have lots more in the works to further enhance our offering to support ambitions businesses across the UK. Thank you Business Money for the recognition! Cynergy Bank Edward Winterton Dave Golding Dan Burton Paul Fraser
-
-
Delighted to share that Cynergy Business Finance has been nominated for Asset-based Lending Team at this year's TheBusinessDesk.com North West Rainmaker's Awards! 🎉 The team has been working hard over the last year, supporting ambitious businesses across both the North West and the rest of the UK. We’ve achieved some exciting milestones along the way, including launching our new block discounting offering and growing to a team of 47 colleagues. Wishing everyone the best of luck on the 3rd July! Take a look at the full list of nominees here: https://lnkd.in/eKBnwCqa Cynergy Bank Edward Winterton Dave Golding Dan Burton Paul Fraser
-
-
Cheers! New deal announcement 🚨 Cynergy Business Finance are delighted to have agreed an invoice discounting facility with a £2.5m funding limit with Cave Direct LTD. Established in 1979, Cave Direct is a family-run business with a rich legacy, starting out as a small wine importing business before expanding offering to European beers which it is now renowned for. It distributes to over 3,000 pubs, bars, and retailers across the UK, and is now the only national direct-delivery beer wholesaler and has previously been included in London Stock Exchange’s 1000 Businesses to Inspire Britain. This facility from Cynergy Business Finance will help Cave Direct continue to expand its operations and push forward with its long-term business and growth strategies, as they begin to hand over leadership to the next generation. Read more about the facility here: https://lnkd.in/epDK55g9 Learn more about our services here: https://lnkd.in/eqzE5iXA Learn more about Cave Direct here: https://lnkd.in/dhYSspBr #invoicediscounting #assetbasedlending #abl #cynergybusinessfinance #growth #business Dave Golding Edward Winterton Dan Burton Paul Fraser Jeremy Glaze Cynergy Bank
-
New deal announcement 🚨 Cynergy Business Finance are delighted to have agreed a £500k invoice discounting facility with Settlement Agreement Solicitors A technology-driven business, Settlement Agreement Solicitors is the only UK law firm focused solely on settlement agreement advice for employees. Founder Patrick Knight has invested heavily in its bespoke tech platform, resulting in swifter and more seamless outcomes for all parties involved – leading them to become the UK’s number 1 rated law firm on Trustpilot in under 3 years. Cynergy Business Finance worked closely with Settlement Agreement Solicitors to tailor a flexible invoice discounting facility, supporting their growth and ambitious expansion plans for their business. Read more about the facility here: https://lnkd.in/eGt8XdHU Learn more about our services here: https://lnkd.in/eqzE5iXA Learn more about Settlement Agreement Solicitors here: https://lnkd.in/e2cqC6Kg Special thanks to Tony Hedger at A & T Business Associates Limited for the introduction. #invoicediscounting #assetbasedlending #abl #cynergybusinessfinance #growth Dave Golding Edward Winterton Dan Burton Paul Fraser Maxine Hennessy Jeremy Glaze
-
Our colleagues Hannah Crow and Jordan Austin celebrated with fellow finalists and winners at last week’s Business Moneyfacts Magazine Awards 2024, hosted at Evolution London. It was a well-attended evening, packed with plenty of fun activities and our industry peers! Take a look at the photos for Jordan’s best Lewis Hamilton impression.
-