Shawbrook supports Goodfish Group with multi asset facility for Flint acquisition and working capital boost

• Goodfish Group is a leading provider of plastic injection moulding, assembly and extrusion manufacturing services in the UK.
• The business was looking to broaden its services with the acquisition of Schneider Electric's UK extrusion and assembly business in Flint and to boost working capital for future growth.
• Shawbrook structured a flexible Asset Based Lending facility to support the complexities and extended timelines of the transaction.

Goodfish Group, a UK leader in contract manufacturing and assembly of plastic and composite components, has secured additional funding from Shawbrook with a multi-asset facility to complete its acquisition of Schneider Electric's UK extrusion and assembly business in Flint, and to boost working capital facilities for future growth. This facility brings the client’s total facilities to £11m.

Founded in 2010 by Greg McDonald, Goodfish Group has grown steadily through targeted acquisitions and now operates four manufacturing & assembly facilities across the UK. This latest move strengthens its capabilities and marks another strategic step in its expansion.

The acquisition, completed in October 2024, allows Goodfish to integrate the Flint operations under the name Goodfish (Flint) Ltd. By expanding its footprint in the extrusion and assembly sectors, Goodfish aims to meet rising demand for its services in the building and construction sectors. 

Goodfish has benefited from Shawbrook’s expertise and sector knowledge since 2020, when the bank initially supported the company’s acquisition of Honeywell’s injection-moulding, extrusion and tool-making operations at St Asaph. When it came time to finance the Flint acquisition, Goodfish considered other lenders but chose to continue working with Shawbrook due to the bank’s proven track record of flexibility, understanding and client support.

To fund the acquisition, Shawbrook provided Goodfish with multi-asset facility comprising receivables, property, inventory and plant & machinery. This brings the total financing Shawbrook has provided to Goodfish to £11 million. The funding provides additional working capital to support the growth and integration of the Flint facility into the Group.

Liam Baxter, Client Director, Asset Based Lending at Shawbrook said:

“We’re delighted to continue our support of Goodfish’s growth and build upon our longstanding relationship. The acquisition was complex, involving an extended timeline and multiple approvals due to the scope and scale of the transaction. We worked closely with Jamie and the team at Goodfish to adapt the funding as needed, ensuring the company could proceed with confidence despite the complexities."

Oliver Wilson, Head of Asset Based Lending at Shawbrook added:

“Shawbrook is committed to supporting great UK businesses, providing flexible asset based lending facilities that can evolve as our clients’ needs change, with no caps on collateral mix. This latest transaction for Goodfish reflects our capability in structuring multi-asset solutions and aligns with Shawbrook’s commitment to supporting the growth ambitions of mid-sized UK businesses.”

Reflecting on the process, Kerin expressed gratitude for Shawbrook’s continued support:

“Shawbrook already understood the nature of our business and was able to provide the flexibility we needed. Their commitment made all the difference in bringing this acquisition to a successful close whilst also delivering working capital for future growth.”

With the integration of the Flint facility, Goodfish is positioned to further establish itself as a leading provider in the UK’s manufacturing sector. This acquisition highlights the potential for mid-sized businesses to achieve growth through strategic partnerships and targeted expansion, reinforcing the role of relationship banking in supporting ambitious companies across the UK.

Shoosmiths acted for Shawbrook on the deal. Keelys acted for Goodfish, as they have done for more than ten years.