The Budget was eagerly awaited after an unprecedented year of uncertainty. The Chancellor pledged to “do whatever it takes” to fix an economy ravaged by the pandemic.
Experts in all sectors give their views.
Walsall-based architectural glass specialist United Glass Group (UCG) has secured a £4.5m follow-on investment from Duke Royalty to fund its latest acquisition.
The funds will be used by UGG to complete the strategic acquisition of London Architectural Glass (LAG), a UK supplier of bespoke architectural glass to premium residential, educational and heritage projects throughout the UK.
Outdoor lighting, railings and engineering products manufacturer Fabrikat has been sold in a management buy-out.
The Sutton-in-Ashfield business was sold by its two owners to the management team in a deal funded by Duke Royalty.
Duke Royalty, the provider of alternative capital solutions, has entered into a £6.2m royalty financing agreement with Meteor HoldCo, which trades as Fabrikat (Nottingham) in Sutton-in-Ashfield.
Formed in 1985, Fabrikat is a fabricator of steel products supplying the UK street lighting and guardrail markets.
(Sharecast News) – Alternative capital provider Duke Royalty has entered into a £6.2m royalty financing agreement with Meteor HoldCo, it announced on Tuesday, which undertakes business as Fabrikat.
The AIM-traded firm said Fabrikat, formed in 1985 and based in Sutton-in-Ashfield, is a fabricator of steel products supplying the UK street lighting and guardrail markets.
British caravan and RV parts wholesale company Miriad Products (MRDB Holdings Limited Group) has received a significant follow-on investment from its long-term capital partner Duke Royalty Limited. The funds will allow Miriad to buyout and cancel all of its subordinated vendor loan notes (VLNs) and will see Duke increase its equity interest in Miriad up to 30 per cent.
Duke Royalty Ltd on Thursday said it has made a follow-on investment of EUR1.1 million into its existing royalty partner, BHPC Ltd, an Irish brokerage.
The financing provider said the investment will provide growth capital to BHPC, which will position the business well for 2021 as Ireland recovers from Covid-19.
Duke’s original investment into BHPC was in August 2019, totalling EUR4.6 million, with the investment announced on Thursday increasing Duke’s invested capital to EUR5.7 million.
A Derbyshire company which supplies parts to the caravan industry has landed a £3.1m cash injection from an alternative finance firm.
Duke Royalty has invested the cash into the MRDB Holdings Limited Group, which trades as Miriad Products in Foston.
Formed in 1977, Miriad is the largest privately-owned recreational vehicle parts wholesale company in the UK.
Alternative capital provider Duke Royalty announced a follow-on investment of £3.1m into its existing royalty partner MRDB Holdings, trading as Miriad Products, on Tuesday.