BusinessInvestor

Caravan parts firm lands £3.1m investment deal

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.

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BusinessInvestor

Royalty Finance provides the key to becoming the master of your own business destiny

The global pandemic has dealt yet another blow to business in general, and Small and Medium Enterprises (SMEs) in particular.

Even at the beginning of the year, the level of indebtedness across this community was untenable. To make matters worse, recent research has highlighted that a quarter of a million companies are at risk of collapsing under £35bn ($44bn) of unsustainable debt taken on during the COVID-19 pandemic. This is foreboding, to say the least.

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