SES Holdings secures over £7m worth of funding from finance company
SES Holdings Group has bagged £7.5m funding from IGF to overhaul its financial structure.
In 2004, then-parent company of Specialist Engineering Services Ltd (SES), one of the UK’s premier railway and civil engineering providers, acquired the business assets of TEi Ltd and brought it into the SES Holdings Group.
SES already held a substantial client portfolio, including Network Rail and Transport for London.
TEi Ltd, an engineering, manufacturing and installation organisation, continued to prosper under the SES Group.
As a result, SES Holdings developed into a circa £50m turnover group.
Richard Spielbichler, ABL director, said: “Companies across all sectors need to adapt and evolve at stages during their lifetime. In many instances it is due to growth or expansion.
“Sometimes however those situations are forced upon companies and they immediately turn to their lending partners for advice, support and funding.
“At IGF we have genuine empathy for companies with entrepreneurial spirit who come to us to discuss ways to adapt.
“Providing SES and TEi Ltd with a total of £7.5m invoice discounting to enable a financial restructure was a straight forward decision for us. Ultimately it has allowed both companies the freedom to continue prospering and innovating.”
IGF is an independent asset based lender with a national presence and strong entrepreneurial culture.
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