Leeds investment firm provides growth boost for Europanel UK

Panacea Capital, the secured finance division of Panacea Investment Group based in Leeds and Harrogate, has provided a structured finance facility to support Europanel’s continued rise in turnover and ongoing development plans.

Established in 1984, Europanel is an independent manufacturer of melamine faced chipboard.

The company has preferred supplier status with a number of blue chip customers, such as M&S, Betfred and Boots and is benefitting from the increase supply of product to many of the major high street retailers as brands continue to improve and refurbish their stores and estates.

Paul Rooney MD of Europanel, said: “our ability to manufacture short or long runs and therefore provide our customers with the flexibility to meet their Clients demands puts us in a unique position as supply chains continually strive for adaptability and improved margins.

“This puts our business in a unique space and we expect this pattern of purchasing to continue which is a positive sign and will continue fuelling our revenue growth. The support provided by Panacea enables us to fulfil the growth in our order book.”

Dan Summerfield, director of Panacea, commented: “We are delighted to support Paul and his team with the necessary capital to achieve their plans.

“Paul has continued to adapt the business in a fluid market place and by doing so has built a niche in the sector which provides a great foundation to grow and develop the business further.”

Ben Slack, Banking and Finance partner at Leeds-based Clarion Solicitors provided legal advice to Panacea Capital.

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