London parking services firm receives multi-million pound funding package for new sites

A London parking services company has announced that it has received a multi-million pound funding package.

MET Parking Services is the latest business that has been supported with a funding package by alternative lender, ThinCats, through the CBIL Scheme.

The funding will help the company deliver on a “transformational” pipeline of new sites, as well as enabling it to progress its acquisition targets.

Ricky Collis, senior manager at HMT recommended ThinCats to provide the funding package, and commented: “Having grown organically under David’s leadership for a number of years, MET have reached an inflexion point where the demand for their services is so strong that additional working capital is required to accelerate to new heights.

“A funding line with a lender such as Thincats who will be supportive as traction continues to build will provide the gasoline for a transformational roll-out of sites and the ammunition for acquisitions.”

Dave Sherrington, head of regional sales at ThinCats, said: “We are delighted to have been able to work alongside HMT again to support David and his team with this CBILS funding.

“There are plenty of businesses out there who are still looking to develop and grow their offering, and ThinCats is in the perfect position to support them through the CBIL Scheme.”

David Marks, CEO of MET, added: “It was great working with ThinCats and HMT, they both took the time to get to know our business, the team behind it, and the plans that we have for growth and development over the coming years.

“It is an exciting time for MET and we are looking forward to utilising the funding to continue to deliver on our roadmap for growth and partnering with our client base on a greater scale.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →