KTS Wire land £1.25m funding deal
25th Feb 2011
KTS Wire, a leading specialist manufacturer of rolled and shaped steel wires to the business supplies consumer, industrial and automotive markets worldwide, has obtained new funding of £1.25m from LeumiABL. Leumi ABL provided the funding my means of an invoice discounting and plant and machinery facility to support the company’s growth plans.
Steve Longbottom, Managing Director at KTS Wire, comments: “We reviewed several ABL providers and banks in our search for a long term funding partner who would support our ambitious growth plans. Quite simply, Leumi ABL ticked all the boxes. They took the time to understand our business strategy and responded with a flexible approach, particularly on the export market which is a significant part of our business.”
John Walsh adds: “We’re very proud to be supporting local businesses and will continue to work closely with the Yorkshire dealmaking community to assist the working capital requirements of businesses that are looking to move forward in such uncertain times.”