Case Study 9
Growth Capital Intelligence
Introduction
Manufacturing is a sector that Ricosta Capital has a significant pedigree in, advising clients in preparing, presenting and negotiating with institutions to source the right debt or equity solutions. Our experience and networks streamlines the process and the time to cash, allowing owner/managers to focus on their business.
Mechatronic Production Systems Limited asked Ricosta Capital for advice in addressing short-term working capital needs, securing finance of £500k to fund growth in the medium term and introductions to potential suitors for longer term strategic funding.
Ricosta Capital supported Tony and the Mechatronic team to source the right finance for their circumstances and ambitions, collaborating with three lenders in the process to provide a solution.
Challenges
Mechatronic Production Systems Limited will add seven new roles to its current workforce after securing the funds to meet growing demand from manufacturers seeking to increase productivity by automating their facilities.
Managing Director Tony Parker-Watkins, who led a management buy-out in 2022, said: “We have a strong sales pipeline and want to focus on business growth with more personnel. With the support from Ricosta Capital and this investment we can grow as a business as we continue to serve our clients, many of whom are or supply leading blue-chip companies.
Andy Moss of Ricosta Capital, introduced UKSE, a Midlands based investment agency, to Mechatronic. He said: “It was a pleasure to work with UKSE, enabling Mechatronic to get the funding they needed to increase these skilled jobs in the West Midlands. Working together, we delivered a funding package to a great Birmingham based business that has a strong future.”
