Partner Article

Positive Supports EighteenFifty Investment Group

Positive Cashflow (“Positive”) has assisted Bridgend-based EighteenFifty Investment Group in acquiring, consolidating and growing a number of businesses.

Tom Fleming, CEO of EighteenFifty Investment Group, said: “Positive has supported us through the last 3 years on numerous acquisitions by allowing us to exploit our strength of purchasing underperforming businesses quickly (in some cases within days) and then assisting in the turnaround process in order to get to the growth phase; during a period where normal bank funding has been difficult to raise.”

Phil Chesham, sales and marketing director at Positive Cashflow, said: “Corilla Plastics is a fantastic example of a company achieving growth in a recession. With the right financing, Corilla Plastics has grown both organically and through acquisitions, placing it as the leader in its field.”

Bridgend-based plastics manufacturer, Corilla Plastics, was purchased out of Administration and has seen turnover grow from £800k to £4.0m in 3 years. This has been achieved through organic and acquisition growth, with funding from Positive and the shareholders.

Partly a result of three trade acquisitions and their subsequent merger on to one site, Corilla Plastics has also increased its headcount from 12 in 2009 to 54 currently. The most recent acquisition placed Corilla Plastics at the forefront of Marine Innovation with a product range that aims to replace old metal navigation buoys with new easier to handle plastic buoys, with a strategy to role these out around the World.

With a factory in Bridgend, Wales, Corilla Plastics is now one of the UK’s leading rotational moulding companies, not only supplying Navigation Buoys but producing products for the construction, automotive, pet, equestrian and material handling sectors, with a number of blue chip customers.

This was posted in Bdaily's Members' News section by Positive Cashflow .