15 September 2020
Working with SME growth credit specialist, Caple, Shipleys is delighted to have supported Cheshire-based Clever Company in successfully securing growth funding in the form of a £2m fully unsecured loan.
Clever Company is a designer and seller of inflatable hot tubs and outdoor recreation equipment. The business sells to leading retailers in the UK, with strong relationships in place that present an exciting opportunity for international expansion into Europe and USA. Clever Company has already grown significantly under the guidance of an experienced CEO and management team since being acquired 2018, however the current international growth opportunity needed flexible, long-term financing support.
Shipleys worked with Caple to help them understand Clever Company’s growth opportunity and financing need, and deliver the capital required. Caple supported the funding request with a long-term, fully unsecured loan which allows Clever Company to invest and focus on growth rather than just debt repayments.
Commenting on the deal Shane Moloney, Principal at Shipleys said:
Caple took time and effort in getting to understand the Business Model and provided a unique funding solution which was tailored to suit the idiosyncrasies of Clever’s supply chain. The management team is now looking forward to working with Caple in the next growth phase.
Sean Brophy, Country Manager at Caple added
Clever Company is a strong performing SME with a clear path for growth and a management team who have the expertise to capitalise on it. They were left with limited debt funding options because of the asset light nature of their business model, so it is great to be able to provide the flexibility the business needs to drive their international expansion.
We are delighted to have supported this successful business progress into the next phase of its growth plans.
If you would like to discuss this deal or how we can help your business achieve its growth plans, please contact Shane Moloney, Principal at Shipleys LLP.
Specific advice should be obtained before taking action, or refraining from taking action, in relation to this summary. If you would like advice or further information, please speak to your usual Shipleys contact.
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