SIL Group weaves global expansion with multi-million pound refinance facility from Shawbrook
Shawbrook’s Asset-Based Lending facility supports international growth and heritage sustainability in the textile sector.
At a glance
Family-owned textiles firm, SIL Group, has secured a multi-million pound Asset Based Lending (ABL) package from Shawbrook to refinance its existing facilities and unlock capital for further international expansion in the textile sector.
The SIL Group, a collective of 20 textile companies, is renowned for supplying premium textiles to the designer fashion sector, including bespoke tailors on London’s iconic Savile Row, as well as to leading luxury brands throughout Europe. Its portfolio of businesses spans a wide range of textile applications, from technical fabrics through to luxury fashion, and is underpinned by unwavering quality and sustainability commitments.
Introduced by Interpath, Shawbrook’s Structured Lending team evaluated the business and its objectives and delivered an inventory-led ABL facility. Short reporting lines, product flexibility and deep sector expertise enabled the bank to fast-track the facility, completing the transaction for SIL Group in just five weeks.
The ABL facility will enable SIL Group to utilise value across its significant asset base, providing a funding structure that aligns with the Group’s strategic goals, including its commitment to sustainability and innovation in textile production. The funding will support the Group’s ability to trade worldwide, including across the Middle East and Europe, and particularly in Italy, where it maintains strong commercial ties with a multitude of iconic fashion brands.
We’re delighted to have secured this facility with Shawbrook, supported by the Advisory team at Interpath. It now gives us the flexibility we need to continue investing in our operations, serving our prestigious customer base both in the UK and internationally, while staying true to our values of quality, craftsmanship, and sustainability. This is a vote of confidence in British textiles and in our skilled workforce, both here in Yorkshire and in Scotland.
Ben Smith, Debt Advisory Director at Interpath, said:
“This facility is a great fit for the SIL Group – a remarkable business based at the centre of the UK’s textile heartland in Bradford. The facility provides the business with the financial platform to support its international growth ambitions. It’s also a fantastic example of how tailored funding solutions can empower British manufacturing to thrive in a global market.”
Jeremy Bolton, Director at Shawbrook added:
“SIL Group is a family-run business with a proud heritage in the UK textile industry and a well-earned reputation for quality and innovation. Their robust asset base and strong supplier and client relationships provided a solid foundation for us to deliver a multi-product asset-based lending solution tailored to their needs. This enabled us to support their strategic growth plans both domestically and internationally, and the support of all parties throughout the process, overseen by Interpath, was instrumental in getting the deal completed quickly. We’re excited to see how they continue to build on their legacy and expand their footprint across the global textile market.”
Squire Patton Boggs provided legal assistance for Shawbrook on this deal.
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